Self-Study for External Academic Review

February 2012

COLLEGE OF AGRICULTURE AND LIFE SCIENCES DEPARTMENT OF AGRICULTURAL ECONOMICS

INTRODUCTION AND CHARGE TO THE EXTERNAL REVIEW TEAM

This self-study document was prepared by a faculty committee of the Department of Agricultural Economics. The committee drew data from many sources and engaged faculty, staff and students in the process of distilling and describing the important issues outlined in the report. This Academic Program Review is closely coordinated with the review of the Intercollegiate Faculty of Agribusiness and is being conducted by one External Review Team so that the many shared resources and joint objectives can be evaluated in a more complete fashion. This self-study document is focused on the four degree programs under the direct control of the Department of Agricultural Economics. While there is a chapter which provides descriptive information on the two degree programs of the Intercollegiate Faculty of Agribusiness, the full self-study for that Faculty and its degree programs is contained in a separate document. Copied below is the charge by the Provost to the External Review Team. While the review is focused mainly on our academic degree programs, information is also provided relating to research and extension as these responsibilities of our department are closely intertwined with teaching activities and help provide context for the external team’s evaluation.

Charge to the Peer Review Team Department of Agricultural Economics and Intercollegiate Faculty of Agribusiness Academic Program Review

This letter provides you with an introduction to the degree programs offered by the Department of Agricultural Economics and the Intercollegiate Faculty of Agribusiness at Texas A&M University, and explains the expectations for our upcoming external review. The IFA is an interdisciplinary program, administered through the Provost’s office and includes faculty from the Department of Agricultural Economics and the Mays School of Business. As interdisciplinary degrees, the IFA degrees are considered university degrees and not awarded by either of the Colleges

This is a coordinated review of four degree programs offered by the Department of Agricultural Economics and two degrees by the Intercollegiate Faculty of Agribusiness (IFA).The Review Team is asked to provide a review of these degree programs recognizing that they are offered by two different entities. Both the Department and the IFA are included in this coordinated review, recognizing the essential linkages between them in terms of resources, course offerings and faculty. Two of the six-member review team are designated to lead the IFA component of the review. The Review Team should separately address these two administrative programs and their degrees in two reports. The work of the committee and its schedule during its visit will be coordinated in a way that allows for this separate assessment and such the unique shared issues can be addressed.

600 John Kimbrough Blvd., Suite 309 2124 TAMU College Station, Texas 77843-2124

Tel. 979.845.2116 Fax. 979.862.1563 http://agecon.tamu.edu

There are four (4) degrees currently offered by the Department of Agricultural Economics: a Bachelor of Science in Agricultural Economics, a Bachelor of Science in Agribusiness, thesis and non-thesis options in the Master of Science in Agricultural Economics, and a Doctor of Philosophy in Agricultural Economics. The IFA offers two degrees, a Master of Agribusiness (MAB) and a recently established Doctor of Philosophy in Agribusiness and Managerial Economics. The charts below provide information on the number of degrees the department has awarded over the last six years.

Agricultural Economics Degrees Awarded Annually Degree Offered

04-05 05-06 06-07 07-08 08-09 09-10 10-11 B.S. in AgEcon 104 116 97 119 132 146 149 B.S. in Agribusiness 52 27 37 60 60 82 91

M.S. (non-thesis) 2 3 2 8 13 4 10

M.S.(thesis) 7 5 15 4 6 4 14 Ph.D 10 4 7 8 7 13 10

Intercollegiate Faculty of Agribusiness Degrees Awarded Annually Degree Offered

04-05 05-06 06-07 07-08 08-09 09-10 10-11 Master of Agribusiness 23 18 22 15 13 18 23

Ph.D in Agribusiness & The degree has not been in place sufficient time for degree to be awarded Managerial Economics

This activity is part of a periodic review of all Texas A&M University academic programs, and offers an opportunity to assess the standards of the programs and to learn from review team members’ experiences with similar programs.

The review team is requested to examine the undergraduate program, the graduate program, and the teaching and research programs for graduate and undergraduate students of the Department of Agricultural Economics and the Intercollegiate Faculty of Agribusiness using the materials in a self-study that will be provided, information you gain through personal interactions while visiting Texas A&M University, and any additional information that you might request. While evaluating the program, please consider the allocation of resources within the department and the IFA (both human and fiscal) and the absolute level of support the department and the IFA receives from the university. Please comment as appropriate on current and potential leveraging of these resources, as well as the current and potential interaction with other departments and groups, both on campus and off.

Please address the issue of learning-based outcomes:

 Does the department and IFA have ongoing and integrated planning and evaluation processes that assess its programs and services, that result in continuing improvement, and that demonstrate that each entity is effectively accomplishing its mission?  Has the department and IFA identified expected outcomes for its educational programs?  Does the department and IFA have evidence of improvement based upon analysis of results?

Lastly, please address the department’s and IFA’s contributions to two guiding strategic initiatives developed by Texas A&M University. The first of these is a document developed in 1999, entitled Vision 2020: Creating a Culture of Excellence, and identifies twelve specific areas of focus for Texas A&M’s future. The other is the more recent Action 2015, intended to build on our gains made since the inception of Vision 2020. Both documents may be referenced at http://provost.tamu.edu/strategic-planning-2010 Summaries of both documents will be provided upon your arrival at Texas A&M University.

Along with the Provost’s Office, our department faculty, staff and students welcome you to campus and thank you for sharing your expertise and time with us by doing this review.

John P. Nichols Professor and Head

January 2012

TABLE OF CONTENTS

Self-Study Overview ...... 1

Drive to Excellence ...... 2

Overall Perspective of Department Programs ...... 3

Teaching Programs ...... 4

Research Programs...... 7

Extension Programs ...... 8

Personnel and Budgets ...... 9

Issues Summary ...... 12 Overall Perspective of Department Programs ...... 12 Teaching Programs ...... 12 Research Programs ...... 12 Extension Programs...... 12

Personnel and Budgets ...... 13

Issues Ranking ...... 13

Department Overview ...... 16 Vision, Mission, and Strategic Plan ...... 16 Goals and Priority Objectives ...... 16 Goals ...... 16 Priority Objectives ...... 17 A Brief History of the Department of Agricultural Economics ...... 18 Historical Timeline ...... 19 Research ...... 20 Undergraduate Teaching ...... 20 Graduate Teaching ...... 20 Extension ...... 21 Administrative Organization and Committees ...... 21 Department Committees ...... 21 Department Governance ...... 23 Department Rankings ...... 23 Previous Evaluations ...... 24 2003 Review Action Items and Action Taken ...... 24 2006 Murano Review ...... 25 Endowed Chairs and Professorships ...... 25 Affiliated Programs ...... 27 AgriLife Research and Extension Centers ...... 28

Department Centers ...... 28 Physical Facilities ...... 29

Department Budget Overview ...... 31 Aggregated Expenditures ...... 31 Teaching Expenditures ...... 31 Research Expenditures ...... 31 Extension Expenditures ...... 34 All Salaries as a Percent of Total Expenditures ...... 34 Other Sources of Income and Expenditures ...... 34 Gold Plate Budget ...... 34

Personnel Overview ...... 36 Award-Winning Faculty and Staff ...... 36 Faculty Service Activities beyond Teaching, Research, and Extension ...... 36 Trends in Total FTE’s ...... 36 Faculty FTE’s ...... 37 Research FTE’s ...... 37 Teaching FTE’s ...... 37 Extension FTE’s ...... 37 Faculty New Hires and Departures ...... 40 Faculty Salaries ...... 42 Diversity ...... 43

Staff and Student Input ...... 46 Staff Input ...... 46 Recognition of Staff – Incentives ...... 46 Role of Staff Advisory Committee (SAC) ...... 46 Communication, Communication, Communication ...... 47 Development and Training ...... 47 Evaluations ...... 47 Other ...... 48 Undergraduate Student Input ...... 48 Student Advising ...... 49 Employment...... 49 Courses ...... 50 Classroom Technology ...... 51 New Building ...... 51 Department Website ...... 52 Graduate Student Input...... 52 Student Advising ...... 52 Student Recruitment and Placement ...... 53 IT and the New Building ...... 53 PhD Program ...... 54 Other ...... 54

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Research and Scholarly Activities ...... 56 Natural Resource and Environmental Economics ...... 56 Sub-Areas ...... 56 Markets and Information Economics Area of Research ...... 56 Sub-Areas ...... 56 Agribusiness and Management ...... 57 Sub-Areas ...... 57 Research Highlights / Impacts...... 57 Hatch Projects ...... 59 Demand for Services ...... 59 Output ...... 60

Undergraduate Teaching Activities ...... 69 Undergraduate Program Overview...... 69 Undergraduate Recruitment and Placement ...... 69 Enrollment ...... 70 Demographics ...... 72 Courses Taught ...... 75 Degrees Awarded ...... 75 Trends in Undergraduate Student Credit Hours ...... 82 Annual Undergraduate Student Enrollment by Course and Semester ...... 82 Courses Taught by Instructor ...... 84 Course Evaluations ...... 84 Honors Program ...... 84 Undergraduate Internships ...... 85 International Education Programs (Study Abroad) ...... 90 Scholarship Opportunities ...... 90 Undergraduate Student Awards ...... 91 Undergraduate Advising ...... 91 Undergraduate Organizations ...... 91 Agricultural Economics Degree Program ...... 92 Agribusiness Degree Program ...... 94 Agricultural Economics Graduate Program Overview ...... 100 Recruiting ...... 100 Application Process ...... 100 Enrollment ...... 101 Applications / Admissions ...... 101 GRE and GPA – Enrolled Students ...... 101 Demographics ...... 102 Funding ...... 102 Courses Taught ...... 106 Course Evaluations ...... 109 Degrees Awarded ...... 109 Trends in SCH, 2003–2011 ...... 109 Faculty / Chair ...... 110 Master of Science Program in Agricultural Economics ...... 113

Doctor of Philosophy in Agricultural Economics ...... 118

Intercollegiate Faculty of Agribusiness ...... 124

Graduate Programs...... 124 Intercollegiate Faculty of Agribusiness...... 124 Current Committee Members ...... 125 Master of Agribusiness Program ...... 125 Enrollment and Graduation ...... 126 Demographics ...... 128 Recruiting ...... 131 Graduate Student Funding ...... 131 Program Summary and Course Requirements ...... 133 Assessment of Student Learning Outcomes ...... 134 Activities to Support Retention and Success in the MAB Program ...... 134 Significant International / Globalization Opportunities for Students ...... 135 Placement...... 135 Doctoral Program in Agribusiness and Managerial Economics ...... 136 Overview ...... 136

Extension Education and Outreach Activities ...... 139 Overview ...... 139 Definition of Scope of Extension Program ...... 140 Major Initiatives and Programs ...... 142 Sources and Trends of Extension Grant and Contract Funding (FY2003–FY2011) ...... 147 Contacts, Contact Hours, etc., for 12-Month Period (Calendar Year 2010) ...... 148 Web Presence ...... 149 Publications ...... 149 Quality Indicators ...... 150 Future Directions/Priorities ...... 150

List of Tables Table D.1 Faculty Responses on Evaluation of the Issues ...... 14 Table O.1 Department of Agricultural Economics Rankings Based on the National Research Council ...... 24

Table P.1 Faculty Hires and Departures 2005–2011 ...... 41 Table R.1 Hatch Projects of Current Faculty...... 61 Table R.2 Research Expenditures in Nominal and Real Dollars by Appropriated and Contracts and Grants ...... 62 Table R.3 Publication Types for All Authors by Calendar Year ...... 64 Table R.4 Journal Type for All Authors by Calendar Year ...... 65 Table R.5 Selected Avenues of Publications and Presentations by Rank and Individuals by Calendar Year ...... 66 Table U.1 Department Undergraduate Headcount ...... 72 Table U.2 May 2011 Undergraduate Degree Recipient Demographics ...... 74 Table U.3 History of Courses Taught by Student Enrollment ...... 77 Table U.4 Semester Credit Hours Taught by Instructor’s Rank ...... 79

Table U.5 Undergraduate Enrollment by Major, 2010–2011 Academic Year ...... 80 Table U.6 Six-Year Major Graduation Rates for First Time in College ...... 81 Table U.7 Annual Undergraduate Student Enrollment ...... 83

Table U.8 Enrollment in Undergraduate Courses by Instructor; 2009–2011 ...... 86

Table U.9 Undergraduate Course Sections Met By Instructor, 2009–2011...... 89 Table U.12 Six-Year Undergraduate Degree Profile ...... 95 Table U.13 AGEC Undergraduate Degree Learning Assessment Outcomes ...... 96 Table U.14 AGBU Undergraduate Degree Learning Assessment Outcomes ...... 99 Table G.1 Annual Total Enrollment in Agricultural Economics Graduate Program, Fall Semester ...... 103 Table G.2 Number of Courses Taught by Faculty from Fall 2003 to Summer 2011 ... 107

Table G.3 Summary of Committee Chairs for PhD and MS Degrees, 2003–2011 ...... 112 Table G.4 Master’s Degree Learning Assessment Outcomes ...... 117 Table G.5 Doctoral Degree Learning Assessment Outcomes ...... 122 Table I.1 MAB Degrees Awarded by Academic Year from Beginning of Program .. 126 Table I.2 Master of Agribusiness Applications and Enrollment ...... 127 Table I.3 Diversity of Disciplinary Background: Undergraduate Degrees of MAB Students by Cohort ...... 129

Table I.4 Enrollment by Fall Semester ...... 130 Table I.5 Course Enrollment Numbers...... 130 Table I.6 Scholarship and Fellowship Awards by Academic Year, 2003–2011 ...... 132 Table E.1 Total Grant and Contracts Awards by Fiscal Year ...... 147 Table E.2 Sources of Grants and Contracts in Recent Years ...... 148 Table E.3 Publications by Extension Faculty ...... 150

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List of Figures Figure O.1 Agricultural Economics Department Organization ...... 22 Figure B.1 Departmental Expenditures by Teaching (COALS+IE/EF), Research, and Extension Including All Sources of Funds Except Designed for Research and Extension ...... 32 Figure B.2 Teaching Expenditures by Source ...... 32 Figure B.3 Research Expenditures by Source ...... 33 Figure B.4 Extension Expenditures by Source ...... 33 Figure B.5 All Salaries as a Percent of Total Expenditures by Teaching (COALS+IEEF), Research, and Extension ...... 35 Figure B.6 Department of Agricultural Economics Gold Plate Budgets ...... 35 Figure P.1 Total Full Time Equivalents for Faculty, Program Delivery, and Other Support ...... 38 Figure P.2 Total Full Time Equivalents for Faculty by Teaching, Research, and Extension...... 38 Figure P.3 Total Full Time Equivalents for Research ...... 39 Figure P.4 Budgets Total Full Time Equivalents for Teaching ...... 39 Figure P.5 Total Full Time Equivalents for Extension...... 40 Figure P.6 Department of Agricultural Economics Faculty Salary by Rank as a Percent of Peer Group...... 44 Figure P.7 Department of Agricultural Economics, the College, and University Faculty Salary as a Percent of Peer Group for All Ranks...... 44 Figure P.8 Department of Agricultural Economics and Peer Group Salaries for All Ranks...... 45 Figure P.9 Difference between Department of Agricultural Economics, the College, and University Faculty Salaries and their Peer Groups for All Ranks...... 45 Figure U.1 Total Fall Undergraduate Enrollment ...... 71 Figure U.2 Fall Enrollment by Degree Program ...... 71 Figure U.3 Five-Year Degree Profile by Gender, Both Degree Programs ...... 73 Figure U.4 Five-Year Degree Profile by Gender ...... 74 Figure U.5 Graduation of Undergraduate Students by Major ...... 81 Figure U.6 Undergraduate Student Credit Hours; Both Degree Programs ...... 82 Figure U.7 Departmental Average Undergraduate Course Evaluations Semester and Course Level ...... 85 Figure U.8 Annual Internship Enrollment...... 90

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Figure G.1 Annual Enrollment in Agricultural Economics Graduate Program, Fall Semester ...... 103 Figure G.2 Number of New Graduate Students that Applied, Were Admitted, and Enrolled, along with Total Graduate Student Enrollment Fall Semesters ... 104 Figure G.3 Total Domestic and International Graduate Students Fall Semester ...... 104 Figure G.4 Number of International (I) and Domestic (D) Graduate Students by Gender ...... 105 Figure G.5 Number of Graduate Students with Some Type of Financial Support, Fellowships, Scholarships, Assistantships, etc...... 105 Figure G.6 Percent of Students on Assistantship by Degree...... 106 Figure G.7 Average Course Evaluations by Semester for Graduate and Undergraduate Classes...... 110 Figure G.8 Degrees Granted by Academic Year and Program ...... 111 Figure G.9 Student Credit Hours by Academic Year and Degree Level ...... 111 Figure G.10 Number of New Domestic MS Students that Applied, Were Admitted, and Enrolled, along with Total MS Student Enrollment Fall Semesters ...... 114 Figure G.11 Number of New International MS Students that Applied, Were Admitted, and Enrolled, along with Total MS Student Enrollment Fall Semesters ..... 114 Figure G.12 Total Enrollment in the MS Program...... 115 Figure G.13 Gender of Total Enrollment in the MS Program ...... 115 Figure G.14 Gender of Total Enrollment in the MS Program by Domestic and International Status ...... 116 Figure G.15 Number of New Domestic PhD Students that Applied, Were Admitted, and Enrolled, along with Total PhD Student Enrollment (Fall Semesters) . 119 Figure G.16 Number of New International PhD Students that Applied, Were Admitted, and Enrolled, along with Total MS Student Enrollment (Fall Semesters) .. 119 Figure G.17 Total Enrollment in the PhD Program ...... 120 Figure G.18 Gender of Total Enrollment in the PhD Program ...... 120 Figure G.19 Gender of Total Enrollment in the PhD Program by Domestic and International Status ...... 121 Figure I.1 Structure of PhD in Agribusiness and Managerial Economics ...... 138

Self-Study for External Academic Review Department of Agricultural Economics February 2012

SELF-STUDY OVERVIEW

This self-study provides an in-depth examination of the Department of Agricultural Economics at Texas A&M University, including each of the Department’s main functions and degree programs. In addition to Department indicators, the self-study provides faculty-specific indicators where appropriate to identify issues that may affect the Department in the future. These individual indicators are not comprehensive and do not provide a comprehensive analysis for individual faculty members. Providing these indicators not only makes this self-study unique to the Department in the College of Agriculture and Life Sciences (COALS), but also provides information as the Department moves forward in hiring a new Department Head.

This self-study is the accumulation of several months of work. A committee consisting of four faculty members and one staff member initiated the report by obtaining and summarizing data on the Department. Throughout the process, additional faculty members assisted with the compilation by providing necessary data. After the initial draft, members of the self-study committee met with staff, undergraduate students, and graduate students to discuss their issues and concerns. Drafts of comments made in the graduate student and staff meetings along with submitted written comments were made available to students and staff for additional input. A faculty meeting addressed the self-study draft. Faculty members reviewed and commented on a revised draft of the report and ranked the issues raised therein. In addition to this collaborative effort, following the Drive to Excellence section, historical trends are summarized and issues are raised that may affect the future of the Department.

The data in the study comes from a variety of sources. The Texas A&M University Office of Institutional Studies and Planning (OISP) provided data on enrollment, graduation rates, student demographics, and salaries for tenure-track and instructional faculty members. The Office of the Registrar provided class specific data. Departmental sources provided various fiscal and budget data (which in turn, are based on College and Agency allocations and records), awards, publications, and instructional and extension program activities and outcomes. Departmental sources also provided data on applications, acceptance, admissions, and fall enrollment. Individual faculty members provided information on other professional activities and contributions. Given the diversity of data sources, the reader may find some inconsistency in time frame or depth covered in the various sections. The data are for fiscal years for budgetary issues, but most of the other data are on a calendar year basis.

Because the Department of Agricultural Economics hosts the Intercollegiate Faculty of Agribusiness (IFA), a partial description and evaluation of the IFA is included in this self-study. A more thorough evaluation is contained in the self-study created by the IFA Director and Faculty.

DRIVE TO EXCELLENCE

“If you don't know where you are going, any road will get you there.” Lewis Carroll

The charge to the Department was to prepare a descriptive and evaluative self-study prior to the academic review. Given that the Department is currently in transition (budget reductions, faculty member resignations and retirements, and search for a new Department Head), we have prepared a self-study of the entire Department and not just the academic programs. This document provides basic information about the Department including student, faculty, and staff assessments of the Department. Although the University’s standard timeframe for the data included in the self-study is five years, this document contains data from a longer time frame in most cases because the last program review was in 2003 and only covered the PhD program.

The Department consists of a complex blend of faculty, staff, and students dedicated to its mission to “ . . . engage people in the use of economic analysis.” As demonstrated in the following pages, the overall quality of the programs in the Department is good. The three general program areas of research, teaching, and extension are strong and vibrant. The large size of the Department simultaneously lends itself to diversity in the programs and creates interesting and unique challenges.

The Department hosts the Intercollegiate Faculty of Agribusiness (IFA), an interdisciplinary faculty that supports the Master of Agribusiness and PhD in Agribusiness and Managerial Economics degree programs. The IFA is a partnership between the Department of Agricultural Economics and the Mays Business School resulting from a long-standing working relationship between faculty members in these colleges. The IFA is relatively unique in the Land Grant University System. Faculty members are also involved in several other interdisciplinary programs on campus.

Extension education has a strong reputation for meeting stakeholders’ needs through executive education. Teaching and research faculty members have gained increased visibility within the private sector for advanced training in quantitative methods and applied econometric modeling, along with the use of business executives in the classroom. These programs have the potential to build visibility and generate revenue in executive-type programs. Furthermore, an increasing number of graduates are achieving positions in mid- and upper-level management and are seeking opportunities to refresh their skills or gain advanced analytical techniques. The lack of a continuing education center, coordination and technical support, however, may undermine the incentive for faculty members to engage in these opportunities.

Demand for and quality of the Department's programs shows in part through increasing enrollments, continuing job placement, recognition of faculty members (including the highest level awards from national and regional associations), numerous publication outlets, and numerous contacts with clients. Increasing enrollment and client contacts also suggest the Department should continue to be forward-looking to maintain and improve the overall quality of the Department.

OVERALL PERSPECTIVE OF DEPARTMENT PROGRAMS

“You start with a vision and it manifests in its own interesting fashion” Lois Trombley

1. Are the Department’s Vision, Mission, and Strategic Plans relevant and appropriate? How does the Department monitor progress across the programs?

Much of the Department’s mission statement, vision, strategic action plans, and websites need updating. Further, the University states the review documents need to show unit level plans detailing outcomes (not inputs or processes) and status reports for academic programs. Developing this self-study revealed that University, College, and Departmental record keeping are not centralized, are incomplete, and are in need of improvement. The Department needs to consider unit level reports that detail outputs and inputs. An overall year-end report placed on a revised website may be a way to develop plans, create an assessment of such plans, review on a yearly basis, and provide a relevant source of data for future endeavors.

Streamlining the process by taking advantage of web-based interfaces in which faculty and staff input required data should be considered. This could also be used to interface with the Department publication and award databases on the Department’s web site.

2. What is the optimal Department size and number of programs, given limited resources? How does the Department best reach this optimal size and number of programs?

Historically, the overall strength in the

Department has been its size. Unlike many 27 950 smaller agricultural economics departments, 26 900 the large size of the faculty has allowed 850 25 specialization in research, teaching, and 800 extension programs. Historically, this size 24 750 has allowed the Department to institute new degrees and offer a wide variety of courses. FTEs 23 700 Teaching FTEs 650 Growth in student numbers in the 22 Department, a decrease in faculty full time Total Enrollment 600 21 equivalents (FTE’s), and a lack of access to 550 Graduate and Undergraudate classes are starting to cause problems in 20 500 teaching and material covered in classes in 2006 2007 2008 2009 2010 2011 2012 all degree programs. What is the necessary Year faculty and student critical mass in a program area or degree option to remain viable?

Many of the most productive faculty members (teaching and research) are older (here older refers to age in years, whereas rank refers to assistant, associate, and full professor), nearing retirement age. The issue is not one of age, but rather how to replace retiring faculty members. Should the Department develop a comprehensive policy to address new hires, document who, when, and why faculty members have left the Department, and have a plan in place for what to do when faculty members retire? For example, do we replace older faculty members and their

expertise in the classroom with new assistant professors or with a mixture of younger and older faculty members? Or, conversely, should new areas of expertise be “There never were in the world two cultivated by new hires? opinions alike, no more than two hairs or two grains; the most universal quality is diversity” The size issue needs to be addressed thoughtfully. Should the Department be everything for everyone within Michel de Montaigne (French all programs? Should the Department specialize? Philosopher) Thoughts on how we can differentiate ourselves from business or economics might be fruitful – an energy specialization and a Department name change (the issue of which keeps arising but the faculty cannot reach a consensus) are possibilities.

3. How should the Department pursue diversity across its programs, faculty, staff, and students?

Following the College’s Strategic Plan, the Department needs to recruit and recognize quality people from diverse backgrounds to broaden the educational environment of our Department. The Department, however, must not pursue diversity at the expense of quality. Diversity at the University is defined as “the inclusion, welcome, and support of individuals from all groups, encompassing the various characteristics of persons in our community. The characteristics can include, but are not limited to age, background, citizenship, disability, education, ethnicity, family status, gender, gender identity/expression, geographical location, language, military experience, political views, race, religion, sexual orientation, socioeconomic status, and work experience.” http://diversity.tamu.edu/whatsdiversity/definition.aspx

TEACHING PROGRAMS

“Tell me and I forget. Teach me and I remember. Involve me and I learn.” Benjamin Franklin

4. How should the Department maintain and improve quality of teaching in this era of accountability while maintaining quality in other program areas?

Overall, the quality of the program is good; the curriculum generally prepares graduates to address current trends in the discipline. The majority of courses are taught by full professors, which is viewed as a very positive aspect of the Department. The potential inability to fill vacant positions and new vacancies from pending retirements, however, may lead to less experienced professors, lecturers, and graduate students teaching courses. Generally, students prefer faculty members in the classroom to graduate students. Although younger faculty members bring energy and new views into the classroom, they may not bring experience. Should a select number of new hires be at the associate level? How do we best reach the new millennium students? What is the proper mix of traditional teaching methods and new methods, including the use of technology?

5. What should be the priorities for curriculum reviews?

All degree programs may benefit from a curriculum review. The course catalog and any Department advertising need to match the material actually covered in the courses. The last curriculum review was in 2003 and only covered the PhD in Agricultural Economics degree.

BS degrees – What is the need for the options in the AGEC degree? Few students graduate from two of the options. In addition, few courses exist that are available for the finance and real estate option. Do we need to develop another option of personal finance? Of the various alternatives, one approach may be to have one degree in AGEC and provide certificates instead of options. Students in the AGEC degree have limited access to Mays Business School courses. Should the Department provide instruction in areas that students desire from the Mays Business School? Are AGEC majors getting what is advertised? What are the limiting factors? Does the Department have the critical mass and dedication to support an honors program? Would an honors program help students prepare for the next level of education?

MS & MAB degrees – Is using the same master level courses consistent with the needs of MS and MAB students? Are students graduating with a MS degree prepared to continue into the PhD program? As a specific example, does AGEC 621 prepare students for a terminal degree or for continuing on to obtain a PhD? Is the non-thesis option meeting the needs of students or simply serving as an easier track to obtain an advanced degree?

PhD degrees – Does the high fail-rate of the economics qualifier indicate material in the core courses is not adequately covered? How do we best provide opportunities for students to publish? What will be the “How could youths better impact of the new PhD in Agribusiness on the learn to live than by once Agricultural Economics PhD program? Should we trying the experiment of have a single prelim or maintain the various options? living? Me thinks this would How best to recruit students into the Agribusiness educate their minds as much program without hurting the Agricultural Economics as mathematics” PhD program since the two programs should be Henry David Thoreau complementary and not competitive? Can increased access to Mays Business School classes be negotiated? How should the Department continue to support the Agribusiness PhD program given its current low enrollment? What is the best way to engage faculty members with research reputations and interests to work with Agribusiness PhD students?

6. What should / can be done to provide broader learning experiences, such as internships, international experiences, and opportunities to attend and participate in national meetings and organizations?

The Department at the undergraduate level has been proactive in providing these experiences. Study abroad trips each summer and participation in national competitions by students the Department supports; however, such opportunities are limited by student and Department budgets. At the MS and PhD level very few opportunities exist. The one exception is faculty funding students to attend professional meetings, usually to present papers.

7. Should the Department manage (limit) enrollment in all or some of its degree programs?

Growing enrollments have led to increasing 470 100 class size in courses, especially at the 90 undergraduate and MS level. As enrollment 420 80

increases, given increasing faculty workloads, 370

320 70 will faculty members have the time to be 60 involved with students? How do we manage 270 50 numbers while recruiting the best students? Are 220

40 Graduate the classrooms appropriate for the growing size 170 and how faculty members are teaching? Given Undergraduate AGBU AGEC 30 120 decreasing funding for graduate students, how PhD MS 20 do we best handle the age-old issue of graduate 70 MAB 10 student funding and admissions? 20 0 2006 2007 2008 2009 2010 2011 2012 Year

8. Should the Department be more involved in placement of graduates and in seeking feedback from former students and employers to help improve the Department’s programs?

Current placement is ad hoc based on faculty members' business contacts and interactions with individual students or University and College expositions and career fairs. Proactive involvement by the Department is seen as increasingly important in today’s world. Involvement should most likely differ for the different degree levels. For example, the Department may consider a placement PR web page with links to individual PhD student web pages. Such an undertaking may not be appropriate at the undergraduate level. Is a full-time placement person needed? Should the Career Placement Center “Ag” specialist provide the necessary interactions, especially at the undergraduate level? This is significant as placement and department rankings go hand in hand. Is the Department teaching what graduates need? Do we have any way of measuring what graduates need? What are the data needs? How do we best reach potential employers to determine skills they value in our graduates?

9. Are the Department’s learning outcomes appropriate, relevant, and useful?

Assessment of learning outcomes is relatively new to the Department and the University. As such, when is the appropriate time to revise the outcomes? Can we learn from other departments’ experiences with the process?

10. How can the Department best increase interactions among faculty, students, and administration?

Overall, students and faculty felt interactions between and among the groups could be improved. The very nature of many faculty positions at the University and the move towards concrete measures of accountability, however, may limit any improvements. Undergraduate students felt there was a conspicuous lack of involvement by the administration and faculty outside the class environment in their academic program.

Undergraduate – Students generally felt the faculty was caring and provided help when needed. Students’ interaction with the Department, however, is limited to AGEC 105 and AGEC 217 in a normal sequence of their first two years in the Department. Should the Department add an AGEC 101 course? What material should be included? Who would teach such a course? Students felt administration and faculty could show more interest in Department clubs and Professor for a Day activities. How should the Department increase student participation in club and Department activities?

Graduate – Most faculty members participate in advising MS students. The MS program also has a strong presence of research, teaching, and extension. By design, the MAB program has less faculty involvement. However, some faculty members with research appointments are not advising MS students. At the PhD level, faculty involvement in advising is much more limited; 72% of PhD committees are chaired by six faculty members. The aging issue previously discussed is particularly relevant here as several are nearing retirement age. Faculty and student involvement in seminars is poor at best. Seminars need to be more congenial. How should the Department make seminars meaningful?

RESEARCH PROGRAMS

“The way to gain a good reputation is to endeavor to be what you desire to appear.” Socrates

11. Is the Department’s research portfolio relevant, focused on important issues, communicated, and used by decision makers?

The Department’s research program focuses on leading issues across a broad spectrum of topics ranging from natural resource and environmental economics to markets and information economics to agribusiness and managerial economics. The Journal Type for All Authors demand for the Department’s research product is evidenced Publication Type Total 2003 2004 2005 2006 2007 2008 2009 2010 by the contracts and grants and Total 464 61 50 64 50 58 47 52 82 appropriated funding for Ag. Econ. 129 11 14 24 18 15 21 9 17 conducting research. Results Resources 98 16 8 12 14 16 10 7 15 from these research efforts are Economics 65 12 8 7 7 9 2 10 10 communicated to a wide Agriculture 46 4 5 6 3 3 6 6 13 variety of professional Business 45 7 5 5 3 9 3 5 8 audiences through journal articles, invited papers, trade Other 84 11 10 10 5 6 5 15 19 publications, newsletters, speeches and outreach presentations. Citations indicate there is a strong demand for use of our publications and presentations.

The Drive to Excellence involves becoming a top department, including research. The Department’s overall research component is a strong program with both international and domestic issues being considered. Both the number of publications and diversity of publications remain strong. Since 2003, faculty members have published in approximately 200 different

journals. In terms of number of articles authored by our faculty members, the journals most commonly being published in are Journal of Agricultural and Applied Economics, American Journal of Agricultural Economics, Journal of Agricultural and Resource Economics, Journal of Food Distribution, Agribusiness, Applied Economics, and Review of Agricultural Economics. A limited number of faculty members, however, are involved in journal publication, which is mostly dominated by 11 faculty members (one of whom has left the Department). Further, many of the most productive faculty members are nearing retirement age.

12. How should the Department increase faculty productivity measured in publication numbers and quality?

In light of increasing demands on faculty time in other program areas, the challenge faced by the Department is to maintain and increase faculty research publications while maintaining research quality. How do we keep older faculty members involved? How do we engage younger faculty members? In the increasing age of accountability, consideration on how to measure quality and quantity tradeoffs should be explored. Any method adopted needs to be transparent and promptly communicated.

13. How should the Department increase grants and contracts, including partnerships with the private sector?

Additional grants and contract opportunities for research are necessary and partnerships between faculty and the private sector need to be explored and encouraged. In real terms, research expenditures have increased by 1.1% between 2003 and 2010. State appropriated expenditures have decreased by 10.8%. Contracts and grants have increased by 8.4% during the same period. Since peaking in 2006, grant and contract expenditures, however, have decreased by 36.6%. The Department has strong relationships with various federal agencies including the USDA, EPA, and Farm Credit Administration.

Ways to increase interactions between older and younger faculty members may need to be explored and encouraged. The inability to fund graduate students for research independent of grants and contracts stifles the ability to pursue new research areas. Should the Department sponsor or encourage attendance in programs designed to improve grant writing? The Department and College also need to recognize the availability of funding varies widely by discipline and subject matter.

EXTENSION PROGRAMS

“Intellectual growth should commence at birth and cease only at death.” Albert Einstein

14. How does the Department continue to provide in-depth analysis and training in the light of budget reductions that may constrain faculty specialization?

Historically, the Extension unit has been large enough for faculty members to specialize and provide in-depth analysis and educational training. Given the continuing erosion of state and federal base funding, maintaining the current extension faculty numbers and depth of

specialization may be difficult. Increased efforts to obtain grant and contract funding, increased funds generated from workshop registration fees and sponsorships, and creative collaborations with industry partners may be needed to offset declining state and federal base funding. In addition, plans may need to be developed for optimal position adjustments.

15. How does the Department serve both commercial operators and small farm/ranch clientele?

Changing audience demographics resulting from industry consolidation, and a growing bimodal distribution in the size of farming and ranching operations are leading to smaller commercial audiences, and a need to serve a growing small farm/ranch clientele. The Extension unit has developed a reputation for quality in-depth educational programs, based on clientele/industry input regarding educational needs, clientele/industry/academic input on program/product design, and extensive evaluation/industry feedback and reporting of educational impacts and economic benefits. The changing demographics of clientele groups demands a continued emphasis on identifying both existing and new clientele educational needs as well as the best methods to deliver those educational products.

16. How does the Department make more effective use of technology such as web sites, webinars, and social media to deliver educational programs?

Changing technology such as expanding web presence, use of webinars, Internet videos, and social media are providing both challenges and opportunities for program delivery. While Extension faculty members utilize many outlets to provide education, analysis, and information to clientele, the possibilities keep expanding. Increased emphasis/resources may need to be directed to improving capacity/skills/support for the optimal use of new technology to provide products and services to clientele in the most timely, Contacts Via Individual Methods effective, and efficient manner. While these technologies Office 2,117 may reduce travel costs and expand our ability to deliver Site 4,137 education in new ways, they may also increase the Phone 16,289 competition Texas AgriLife Extension faces from extension Mail/E-mail 116,884 programs in other states, other higher education institutions expanding their continuing education portfolios, and private companies. PERSONNEL AND BUDGETS

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.” John Quincy Adams

17. How should the Department provide motivation and incentives to faculty, staff, and students to continue to strive for excellence?

The Department needs to continue to strive for excellence in personnel management and strive for fair treatment of staff, faculty, and students. Interactions within and between all groups (students, staff, faculty, and administration) in the Department are seen as congenial and generally conducive to a good work environment. Improvements suggested include more interaction between administration and undergraduate students; a higher level of support by

faculty towards staff attending Department functions; improved staff development opportunities; and more opportunities for assistant professors to interact with full professors. Although staff, faculty, and administration overall positively interact and enjoy working in the Department, both staff and faculty had the perception the administration unfairly provided people with similar job descriptions different opportunities. The perception is that some people are treated differently from others.

18. How should the Department address the overall salary inequities between this Department and the rest of the College and University?

The Department’s productivity is respectable. Budget issues will always be present and beyond the 100% control of the Department. Increasing grants and contracts, along with charging more for programs are 95% often seen as ways of increasing budgets. However, increasing budgets in this manner is not always 90% realistic. Stating we need more money is not a viable AGEC Percent 85% option. Salaries are and will always be an obvious College issue. Using University numbers, faculty salaries as TAMU a percent of our peer group have declined from 97% 80% in 2002 to 82% in 2010. During this same time, University and College percentages have remained 75% between 90% and 95%. Staff members also felt their 2002 2004 2006 2008 2010 Fiscal Year salaries were below those of their peers at the University.

19. How can the Department be proactive in responding to anticipated changes in funding and clientele?

Budget uncertainties, reductions, and changes in funding sources are most likely a reality into the foreseeable future. Rather than reacting and stating we need more funds to operate our program, the Department should see this issue as an opportunity to discuss our future and revamp as necessary. For example, the use of the internet and webinars to deliver programs may be a way to reach more clients and students with fewer funds. Development costs of the use of such technology, along with ongoing costs, need to be compared to the benefits. Are there any potential gains in efficiencies in the use of our limited resources?

20. How can the Department do a better job demonstrating the impacts of its programs?

In the age of accountability and budget reductions, increasing the Department’s visibility at the College, University, and state level is one approach to possibly help alleviate some of the potential budget reductions. Unlike the private sector, research, extension, and teaching activities do not have a bottom line evaluation such as profitability. How can we make faculty outputs more visible?

21. How does the Department identify additional funding sources and potential changes in those sources while making more effective use of current sources such as IE/EF?

The Department may benefit from aggressively exploring the identification of additional funding 4500 sources and reviewing the use of current sources. 4000 3500

Use of Instructional Enhancement /Equipment Fee (IE/EF) funds, Endowed Funds, and yearly gifts in 3000 the Department’s operations needs clarification 2500 E&G + Designated and transparency. 2000 Chairs - Restricted 1500 Thousands Dollars Thousands Total Limited development efforts have been successful to 1000 solicit funds, but additional opportunities may exist. 500 IEEF Current efforts have been individualized with little 0 transparency. Given the working relationships 2003 2004 2005 2006 2007 2008 2009 2010 between the Department and many business firms Year and former students, an organized Departmental effort may provide additional funds. IE/EF funds provide an additional revenue source that has become a large part of the Department’s overall teaching operating funds. The use of these funds, however, is tightly restricted. Increased flexibility in the use of revenue may be desirable. An example of a potential increase in flexibility is that the Department should explore with the College whether to reduce or eliminate IE/EF funds and replace them with differential tuition. Further, the use of these funds by faculty is inconsistent, with some faculty members being able to use funds generated by their courses and others not being given this opportunity. Revisiting the fees by course and use of such fees may be necessary. How can the Department best use the current endowed chairs and new endowed professorships and/or chairs to attract experienced new faculty members and retain current faculty members?

22. How can the Department increase faculty involvement in all areas of the Department and programs?

If the Department is striving to be a top department, should we explore changing the practice of using appointment splits to justify research output to a paradigm where everyone must teach and conduct research and extension? Publishing, for example, should involve all faculty, research, teaching, and extension. A good program in any one of these areas involves the pursuit of knowledge, which should lead to publications. All faculty members need to be encouraged and rewarded for involvement in all areas of the Department.

“Without continual growth and progress, such words as improvement, achievement, and success have no meaning.” Benjamin Franklin

ISSUES SUMMARY

Overall Perspective of Department Programs

1. Are the Department’s Vision, Mission, and Strategic Plans relevant and appropriate? How does the Department monitor progress across the programs? 2. What is the optimal Department size and number of programs, given limited resources? How does the Department best reach this optimal size and number of programs? 3. How should the Department pursue diversity across its programs, faculty, staff, and students?

Teaching Programs

4. How should the Department maintain and improve quality of teaching in this era of accountability while maintaining quality in other program areas? 5. What should be the priorities for curriculum reviews? 6. What should/can be done to provide broader learning experiences, such as internships, international experiences, and opportunities to attend and participate in national meetings and organizations? 7. Should the Department manage (limit) enrollment in all or some of its degree programs? 8. Should the Department be more involved in placement of graduates and the seeking of feedback from former students and employers to help improve the Department’s programs? 9. Are the Department’s learning outcomes appropriate, relevant, and useful? 10. How can the Department best increase interactions among faculty, students, and administration?

Research Programs

11. Is the Department’s research portfolio relevant, focused on important issues, communicated, and used by decision makers? 12. How should the Department increase faculty productivity measured in publication numbers and quality? 13. How should the Department increase grants and contracts, including partnerships with the private sector?

Extension Programs

14. How does the Department continue to provide in-depth analysis and training in light of budget reductions that may constrain faculty specialization? 15. How does the Department serve both commercial operators and small farm/ranch clientele? 16. How does the Department make more effective use of technology such as websites, webinars, and social media to deliver educational programs?

PERSONNEL AND BUDGETS

17. How should the Department provide motivation and incentives to faculty, staff, and students to continue to strive for excellence? 18. How should the Department address the overall salary inequities between this Department and the rest of the College and University? 19. How can the Department be proactive in responding to anticipated changes in funding and clientele? 20. How can the Department do a better job demonstrating the impacts of its programs? 21. How does the Department identify additional funding sources and potential changes in those sources while making more effective use of current sources such as IE/EF? 22. How can the Department increase faculty involvement in all areas of the Department and programs?

ISSUES RANKING

After developing the 22 issues, faculty members and extension program specialists evaluated each issue separately on a one to five scale. The link to evaluate the issues was sent to 60 active faculty members and specialists. Of these 60 faculty and specialists, 19 responded. Their responses are summarized below. Ranking is based on the average score for each question.

Table D.1. Faculty Responses on Evaluation of the Issues Scale1 # Question 1 2 3 4 5 Average 1 Are the Department’s Vision, Mission, and Strategic Plans relevant and appropriate? How does the Department monitor progress across the programs? 2 0 1 5 10 4.17 2 What is the optimal Department size and number of programs, given limited resources? How does the Department best reach this optimal size and number of programs? 2 2 1 3 11 4.00 18 How should the Department address the overall salary inequities between this Department and the rest of the College and University? 0 3 3 4 9 4.00 13 How should the Department increase grants and contracts, including partnerships with the private sector? 1 2 2 7 7 3.89 20 How can the Department do a better job demonstrating the impacts of our programs? 0 2 4 6 6 3.89 4 How should the Department maintain and improve quality of teaching in this era of accountability while maintaining quality in other program areas? 2 2 2 3 9 3.83 8 Should the Department be more involved in placement of graduates and seeking feedback from former students and employers to help improve the Department’s programs? 1 2 2 7 6 3.83 11 Is the Department’s research portfolio relevant, focused on important issues, communicated, and used by decision makers? 1 1 5 6 6 3.79 5 What should be the priorities for curriculum reviews? 3 1 3 2 9 3.72 19 How can the Department be proactive in responding to potential changes in funding and clientele? 1 2 2 10 3 3.67 9 Are the Department’s learning outcomes appropriate, relevant, and useful? 2 1 6 4 6 3.58 16 How does the Department make more effective use of technology such as web sites, webinars, and social media to deliver educational programs? 1 4 4 3 6 3.50 17 How should the Department provide motivation and incentives to faculty, staff, and students to continue to strive for excellence? 1 3 6 4 5 3.47 12 How should the Department increase faculty productivity measured in publication numbers and quality? 3 2 1 10 3 3.42 14 How does the Department continue to provide in-depth analysis and training in the light of budget reductions that may constrain faculty specialization? 3 2 4 5 5 3.37 6 What should / can be done to provide broader learning experiences, such as internships, 1 4 5 4 4 3.33

international experiences, and opportunities to attend and participate in national meetings and organizations? 22 How can the Department increase faculty involvement in all areas of the Department and programs? 2 2 6 6 3 3.32 21 How does the Department identify additional funding sources and potential changes in sources while making more effective use of current sources such as IE/EF? 3 2 6 2 4 3.12 15 How does the Department serve both commercial operators and small farm/ranch clientele? 4 1 5 5 3 3.11 7 Should the Department manage (limit) enrollment in all or some of its degree programs? 5 3 3 5 3 2.89 3 How should the Department pursue diversity across its programs, faculty, staff, and students? 3 3 6 5 1 2.89 10 How can the Department best increase interactions among faculty, students, and administration? 7 1 6 3 1 2.44 1) Scale used was 1- Do Not Include, 3- Neutral, and 5- Definitely Include. Value is the number of faculty members indicating each Scale: one through five

DEPARTMENT OVERVIEW

The Department of Agricultural Economics at Texas A&M University strives to be a premier source of education, research, and leadership development. Faculty appointments are divided among teaching, research, and extension. The Department is part of the Texas A&M University, College of Agriculture and Life Sciences, Texas AgriLife Research, and Texas AgriLife Extension Service.

Vision, Mission, and Strategic Plan

Our Vision: The Department of Agricultural Economics strives to be a premier source of education, research, and leadership development.

Our Mission: The Department of Agricultural Economics engages people in the use of economic analysis for making decisions involving agribusinesses, natural resources, and communities through the pursuit of learning, leadership, diversity, professional development, and excellence.

Our Discipline: The discipline of agricultural economics is concerned with improving the economic rationality of decisions made within the agriculture, food, fiber, natural resource, and public sectors of the economy. This includes both group decision making and individual firm decision making. Policy analysis provides input into group decision making processes at the federal, state, and community levels. Work in management, marketing, and finance, for example, provides input to the decisions of individuals and business firms. In today's information-based economy, one of the Department's most important roles is to create, apply, interpret and communicate new knowledge for the well-being of society. Economics also plays a key role in enhancing the value of publicly funded research. Economists provide research institutions with the tools and analysis they need to be accountable to society and better able to set research priorities and design research programs that are consistent with public policy objectives while meeting the standards of good science.

The Department’s vision and mission statements (http://agecon.tamu.edu/department/department_planning_and_vision.html) are compatible with the COALS 2010–2015 strategic plan (see http://aglifesciences.tamu.edu/about-the-college/strategic-plan-2010-2015/).

Goals and Priority Objectives

Goals

1. Respond to high-priority issues facing society in agribusiness (including food and fiber production, supplying inputs, processing products, and marketing), natural resources, environmental quality, and communities. 2. Teach students how to use economic and business principles and develop their leadership and communication skills to prepare them for employment and to continue life-long learning. 3. Conduct applied research programs to analyze business and public policy issues and respond to high-priority societal needs.

4. Enhance the use of economic principles and research methods in solving economic problems through disciplinary research and graduate education. 5. Develop targeted extension and outreach educational programs to deliver relevant information and teach the use of economic and business principles in making decisions. 6. Collaborate with scientists and educators in other disciplines to incorporate economic analysis into multi-disciplinary programs. 7. Develop a network with former students to enhance student learning experiences and placement and facilitate achievement of the Department’s goals. 8. Create a professional environment conducive to promoting teamwork among faculty, staff, and students as they strive for excellence in the pursuit of the Department's goals.

Priority Objectives The Department will target several priority objectives to support and implement its vision, mission, and goals. These objectives describe the targets for specific actions. They are quantifiable interim steps toward achieving the Department's mission and goals. They include teaching, research, and extension dimensions. They are not listed in order of importance.

The objectives are organized under two headings: Program Objectives and Operational Objectives. The Program Objectives relate to the changing needs and subject matter emphases for the future. They speak to changing program content and include University-related issues related to internationalization (student, faculty and staff) and information technology.

These objectives were developed at the time of the 2006 evaluation conducted by then Dean Elsa Murano. The objectives were established at a time when the Department had a somewhat different faculty make-up, a different budget situation, and possibly a different idea of future direction. As such, the objectives are now dated. The aim in 2006 was to examine potential new initiatives or goals and objectives. It was assumed that on-going, mainstream productive teaching, research and extension activities would continue. The objectives listed below need to be re-addressed.

Program Objectives

1. Create a Center for Technology and Information Management Economics. 2. Establish a Natural Resource Economics and Policy Center. 3. Expand capabilities for federal and state public policy analysis. 4. Develop an area of emphasis in rural entrepreneurship. 5. Expand efforts in community economics and policy. 6. Develop a Center for Agribusiness Studies. 7. Expand the Agribusiness Education in the Americas program. 8. Emphasize the knowledge and skills needed to anticipate and manage change.

Operational Objectives

1. Develop discipline-based solutions to research problems while maintaining a strong customer-driven applied economics research.

2. Elevate the stature of the Department's graduate programs to the top ten among all institutions granting similar degrees. 3. Manage enrollment and respond to demand for service courses to enhance the quality of the Department's undergraduate teaching programs. 4. Enhance core extension programs and develop new programs to more effectively respond to the needs of agricultural producers, agribusinesses, food and fiber industries, and communities. 5. Integrate international dimensions into the Department's programs by fostering a supportive institutional environment. 6. Design the Department's administrative structure to enable the organizational agility needed for excellence.

A Brief History of the Department of Agricultural Economics

Agricultural Economics courses at Texas A&M University were first offered in the divisions of General Studies (Department of Economics) and Agriculture (Departments of Agronomy and Animal Science). In 1905, the Division of Agriculture offered a course in farm management which covered topics in farm equipment selection and labor management; offerings in 1908 included topics in cost of production; in 1912, with a course offering “A Comprehensive Study of the Farm from an Economic and Business Viewpoint.” In 1914, the Agronomy Department, within the Division of Agriculture, offered a four-year option labeled Farm Management and Marketing. In the Division of General Studies (Department of Economics), course offerings, as early as 1914, included agricultural economics courses in rural economics, cooperative credit and marketing, and rural problems.

The Department of Agricultural Economics at Texas A&M University came into existence in 1922 when a BS in Agricultural Economics was offered. A preexisting BS in Agricultural Administration became part of the new Department’s offerings. Course offerings in the Agricultural Economics program included topics in accounting, agricultural economics, statistics, transportation, and marketing.

Department Heads over the last 90 years have been:

Frederick A. Buechel 1922–1927 Virgil P. Lee 1927–1935 J. Wheeler Barger 1935–1947 Letcher P. Gabbard 1947–1953 Tyrus R. Timm 1953–1973 John A. Hopkin 1973–1983 Daniel I. Padberg 1984–1989 A. Gene Nelson 1990–2005 John P. Nichols 2005–present

While the Department of Agricultural Economics at Texas A&M University was officially founded in 1922, it evolved and coalesced, like the profession, from other disciplines and departments. In subsequent years, it also fostered other departments and curricula at the

University while staying solidly rooted in the land grant tradition. Our mission is to encourage people in the use of economic analysis for making decisions involving agriculture, agribusiness, natural resources, and communities. Today our Department is home to approximately 50 faculty members, 700 undergraduate students, and 170 graduate students. The Department offers undergraduate degrees in Agribusiness and five different options in Agricultural Economics. We also provide graduate programs at the MS and PhD level in both Agricultural Economics and Agribusiness. Our students come from many parts of the United States and countries all over the world. To date, the Department has awarded 9,219 bachelor of science degrees, 1,673 master’s degrees, and 355 PhD degrees.

Historical Timeline

1922 Department of Agricultural Economics established 1923 First BS degree awarded 1926 100th graduate 1927 Department divided into four Departments: 1) Accounting and Statistics, 2) Agricultural Economics, 3) Farm and Ranch Management, 4) Marketing and Finance 1928 First MS degree awarded 1937 500th graduate 1939 First MS degree awarded to international student 1942 1000th graduate 1947 Separate research, teaching and extension components of agricultural economics brought together into Department of Agricultural Economics and Sociology, which then offered a PhD program 1949 First PhD degree awarded 1950 First PhD awarded to international student 1960s International work began; over the decade and the next, faculty members contribute to projects in Argentina, the Dominican Republic, Tanzania, Kenya, Syria, and Guatemala 1962 2000th graduate 1964 Texas Electronic Farm Accounting (TEL-FAC) program initiated 1969 Texas Agricultural Market Research and Development Center established 1972 First Master of Agriculture degree offered in Agribanking and Land Economics and Real Estate; Texas Real Estate Research Center established 1974 Department hosted annual AAEA meeting on A&M campus 1983 5000th graduate; Agricultural and Food Policy Center established 1990 Approval of Agribusiness undergraduate degree and beginning of partnership with the Mays Business School; International Food and Agribusiness Management Association (IAMA) and congressional internship program founded 19

1994 Center for North American Studies established 1995 Department moved to Blocker Building 1997 Texas Risk Management Education Program established 1998 Intercollegiate Master of Agribusiness program established 2001 Southwest Dairy Marketing Endowed Chair established 2003 10,000th graduate 2008 Quiz Bowl team won 3rd consecutive AAEA Quiz Bowl national championship 2009 PhD in Agribusiness and Managerial Economics established 2011 Department moved to Agricultural and Life Sciences Building Research

Research programs in the Department are funded through the University, Texas AgriLife Research, grants, and contracts. Faculty publications in refereed journals have established the Department among the top in the country in research output. Major research programs address areas of natural resource and environmental economics, markets and information economics, agribusiness, and management. Many research projects emphasize multidisciplinary collaboration.

Undergraduate Teaching

The Department's undergraduate program includes traditional emphasis on agricultural economics and a program in Agribusiness. The undergraduate degree in agribusiness is jointly offered by COALS and the Mays Business School, and is the first of its kind in the country. These students can graduate from either COALS or the Mays Business School. Total undergraduate enrollment for Fall 2011 was 695 students.

Graduate Teaching

Graduate programs of the Department are well established and closely linked to research and extension education activities. Enrollment in the graduate program for Fall 2011 was 174 students: 86 PhD, 39 MS, and 49 MAB. The Master of Science degree provides professional training for students seeking the skills in marketing, policy analysis, and decision-making needed in today's business world. The PhD degree in Agricultural Economics is tailored to produce highly skilled applied economists focused on quantitatively-based economic research and analyses. The Intercollegiate Faculty of Agribusiness administers the Master of Agribusiness (MAB) program, which is jointly administered by the College of Agriculture and Life Sciences and Mays Business School, and the PhD in Agribusiness and Managerial Economics. This PhD degree program was approved in 2009 and has accepted its first student. The MAB program began in 1998 and has maintained a consistent enrollment of approximately 40 students each fall semester.

Extension

Extension education programs within the Department respond to the increasing complexity of the issues facing agriculture, agribusiness, and rural communities. This complexity arises, in part, from the increased industrialization and globalization of the agricultural sector. On-going, in- depth programs to address needs of farmers, ranchers, agribusinesses, and communities are nationally recognized in agricultural policy, financial and risk management assistance, and marketing education. Success in obtaining external grants, contracts, and user fees has contributed to the development of these highly innovative programs.

Administrative Organization and Committees

The Department administration structure is provided in Figure O.1. Reporting directly to the Department Head are an Administrative Coordinator and a Business Administrator. Six faculty members serve as the Administrative Team for teaching operations, research, extension, graduate programs, undergraduate activities, and graduate programs in agribusiness.

Department Committees

Committees associated with the Department’s day-to-day operations are:

1. Faculty Advisory Committee 2. Staff Advisory Council 3. Grievance Committee 4. Graduate Advisory Committee 5. Undergraduate Advisory Committee 6. Research Advisory Committee 7. Extension Advisory Committee 8. Department Seminar Committee 9. Learning Outcome Assessment 10. Faculty Evaluation Committee 11. Peer Evaluation of Teaching 12. Department Awards Committee A. Research and Publication B. Extension Awards C. Teaching Awards D. Fellows and Other E. Support Staff Awards F. Former Student Awards G. Undergraduate Student Awards H. Graduate Student Awards 13. Commons Committee 14. Computer & IT Services Advisory Committee

John P. Nichols Department Head

Norma Pantoja Cindy Fazzino Senior Administrative Team Administrative Business Coordinator Administrator

Bruce McCarl Ed Rister Fred Boadu David Leatham Eluned Jones Mark Waller Associate Head Assistant Head Chair, Associate Head Leader of Associate Head Intercollegiate Research Instructional Undergraduate Graduate Faculty of Extension Operations and Student Affairs Programs Agribusiness Development

Figure O.1. Agricultural Economics Department Organization

Department Governance

The Department does not have an established set of bylaws. Instead, policies and regulations governing the Department’s activities are set forth in a Policy and Procedures Manual (PPM) and other documents. The PPM sets forth Departmental policies and regulations regarding faculty governance including: (1) curricula and teaching programs; (2) academic standards, including admission, graduation, and retention; (3) hiring, retention, tenure, promotion, and evaluation of faculty; and (4) allocation and utilization of Department resources. Other procedures addressed include faculty and student grievance resolution, peer evaluation and course evaluations, and support procedures. Specific sections of the PPM and related documents have been updated in recent years, including the Faculty Tenure and Promotion Evaluation Procedures document revised in February 2009. Other sections are dated and may benefit from review.

Department Rankings

Rankings are few and far between in the agricultural economics profession. All rankings have major limitations; even so, they can be informative. In a study by Georgetown Center on Education and the Workforce, based on the 2009 American Community Survey (http://cew.georgetown.edu/whatsitworth/), the median earnings of people with a bachelor’s in agricultural economics (full-time full-year workers with a bachelor’s degree) was $60,000/year, the second largest yearly salary in the agricultural and natural resource major group behind only food sciences at $65,000/year. Median income for the agricultural and natural resources group was $50,000. The agricultural economics major was ranked number 10 in terms of people with full- time employment. In addition, the agricultural economics major was ranked eighth in employment rate, with 98% of graduates with agricultural economics degrees being employed.

In a recent ranking by the National Research Council, our Department’s PhD program was ranked along with 28 other agricultural economics departments (although one of the 28 is an applied economics department). According to the report:

“The assessment was designed to help universities improve the quality of their programs through benchmarking and to provide prospective students and the public with accessible information on doctoral programs nationwide. . . . [using] data collected from 5,004 doctoral programs at 212 universities for the academic year 2005–2006, as well as national data matched to program faculty. The data include characteristics of the faculty, such as their publications, citations, grants, and diversity; characteristics of the students, such as their GRE scores, financial support, publications, and diversity; and characteristics of the program, such as number of PhDs granted over five years, time to degree, percentage of student completion, and placement of students after graduation. The data permit comparison of programs using any of the categories in which data were collected.” (http://sites.nationalacademies.org/PGA/Resdoc/index.htm)

Further, the National Research Council provided a 5 and 95 percentiles to allow for uncertainty in the rankings. Based on this study, the Department’s rankings are presented in Table O.1.

Table O.1. Department of Agricultural Economics Rankings Based on the National Research Council Criteria 5th Percentile 95th Percentile Regression based rankings – overall 6 20 Survey based rankings – overall 19 23 Research 12 22 Student support & outcomes 22 26 Diversity 15 27

The Chronicle of Higher Education ranked departments based on an index of faculty scholar productivity. For the 2006 rankings, our Department was not ranked in the top ten; however, in the 2007 rankings, we were ranked at number four, behind departments at Iowa State University, University of California at Davis, and University of California at Berkeley. http://chronicle.com/stats/productivity/page.php?year=2007&primary=2&secondary=18&bycat=Go

Although disappointing, the low position in some of the rankings reflect a large graduate program with MS thesis and non-thesis options with a low number of research outputs and a larger number of students not on funding in the Department (see graduate section of this report).

In studies conducted in the 1990s, our Department ranked between the 7th and 12th nationally ranked department. A study in 2000 of PhD- and MS-granting programs in agricultural economics ranked our PhD program 10th and our MS program 16th among all institutions (Perry, G.M. "Ranking MS and PhD Programs in Agricultural Economics" unpublished manuscript, Department of Agricultural and Resource Economics, Oregon State University, 2000). In a 2004 updated ranking, our Department’s PhD program was ranked 12th and our MS program was not ranked in the top 15 (Perry, G.M. “Ranking M.S. and Ph.D. Programs in Agricultural Economics – Spring 2004, unpublished manuscript available at http://arec.oregonstate.edu/sites/default/files/faculty/perry/Ranking2004.pdf).

National rankings for overall Departments of Agricultural Economics are not available.

Previous Evaluations

2003 Review Action Items and Action Taken

The Department’s last external academic review was in 2003 and addressed only the PhD program. This review contained 10 proposed actions to improve the PhD program. These items addressed strategic issues and not tactical issues. Changes in funding and the 2007–2009 recession and resulting budget crisis should be considered when examining the proposed actions and responses.

Action 1 – Seek increased University funding for graduate assistantships. Response – Submitted students to the University for funding. Action 2 – Maintain excellence through faculty hiring and replacement. Response – Three hires through the University program.

Action 3 – Pursue development of a PhD degree offered by the Faculty of Agribusiness Response – PhD program developed and implemented. Action 4 – Explore changing the degree name to emphasize its broad scope. Action – Discussed; no consensus reached. Action 5 – Enhance student recruitment by investing faculty time and budget. Response – Graduate office recruiting increased at annual meetings. Action 6 – Expand efforts to market the PhD program and to place students. Response – Revised website. Action 7 – Develop an outreach center emphasizing economic analysis. Response – Attempts to get Center funded through a State legislative initiative were not successful. Action 8 – Strategically review the international component of the PhD program. Response – None. Action 9 – Prepare for the NRC doctoral program assessment process. Response – Stress importance of participating faculty. Faculty provided information to the NRC assessment process. Action 10 – Foster improved student body interaction and collaboration. Response – Improved seminar series including graduate student involvement both in attendance and presentation. A workshop series was implemented that involves faculty and students. Graduate Student Association (GSA) implemented a faculty/staff/student social meeting on a semester basis.

2006 Murano Review

In 2006, the Department prepared a review document for then Dean Elsa Murano. The review was internal within the Department and presented to College administration. This review notes the following. In the mid-to-late 1990s, the Department developed its strategic plan which was internally revised in 2001. In 2004, the Agricultural Economics Extension unit also conducted significant planning efforts consistent with Texas Cooperative Extension guidelines. The development of the Teaching, Science, and Extension Road Maps in 2005 provided a basis for faculty discussion and input.

All previous reviews, except the National Research Council review, are dated and provide little valuable input to the current status of the Department.

Endowed Chairs and Professorships

The Stiles Professor of Agriculture – The Stiles Professorship in Agriculture was established in 1969. The Stiles Farm Foundation Trust Fund was established through the will of Mr. Hadley Alva Stiles. The intent of the trust is to “assist in the education or training of men and women engaged in agricultural production or in preparing themselves for careers in the field of agriculture.” Dr. John Hopkin, who joined the faculty from the University of Illinois, was the initial holder of this professorship. He later became the head of the Department of Agricultural

Economics. Dr. John Penson succeeded Dr. Hopkin as holder of the professorship in September 1988.

The Roy B. Davis Professorship in Agricultural Cooperation – In 1970, the Roy B. Davis professorship was established by members of the Texas Agricultural Cooperative Council, and represents a formal relationship between the University and the Texas cooperative community. The Cooperative Council expects a close and productive relationship from this professorship and remains an influential partner for the University. The current holder of the Chair is Dr. John Park. The work outlined by the professorship is in direct alignment with the Texas AgriLife Extension strategic roadmap, and helps to accomplish stated objectives of increased rural sustainability and improved producer profitability.

The professorship is expected by its clientele to be conversant and demonstrate expertise on a wide variety of topics including agricultural policy, trade, business management, risk management, business finance, commodity marketing, product marketing, leadership, personnel management, business strategy, and, to a lesser extent, tax and legal issues. In addition, cooperative activity crosses many commodities and products. The professorship assists cooperatives and producer and consumer groups with assessment of value-adding opportunities and their impacts on the food system. The professorship is often used as a resource by cooperatives in strategic planning exercises. A stated purpose and goal of the professorship is to educate cooperative managers and directors about cooperative theory and the promotion of best practices.

The Southwest Dairy Marketing Endowed Chair – Dr. Oral Capps, Jr. currently occupies the Southwest Dairy Marketing Endowed Chair. The holder of this position addresses topic areas such as the current dairy market situation, drivers of demand for dairy products, identification of market segments, and marketing strategies and product development for dairy products. Analysis and understanding of these areas by the dairy industry aids in developing strategies to maximize the competitive position of the dairy industry in the marketplace.

In 2001 the Southwest Dairy Farmers entered into an agreement with the University to endow the Southwest Dairy Marketing Chair to develop and enhance research, outreach, and education programs related to expanding the demand for dairy products consistent with the Act and Order. The broad goals of this research chair are to (1) expand the demand for dairy products; (2) study the health and nutritional impacts of dairy products, and (3) enhance market development and promotion efforts for dairy products.

An advisory committee works with the chair holder and is charged with providing guidance and oversight in assessing research results and in developing effective programs that are consistent with research findings.

The Thomas M. O'Connor Professorship in Ranch Management – The Thomas M. O'Connor Professorship in Rangeland Ecology and Management (now in the Ecosystem Science and Management Department) was established at the University to “. . . provide the vehicle for an increased level of professional competence focused directly on increasing rangeland productivity and the profitability of ranching operations, especially on the Texas Coastal

Prairie.” Dr. J. Richard Conner was appointed to the Professorship in 1989 and is the current holder. Activities and accomplishments during the past 22 years have been directed at increasing rangeland productivity and profitability of ranching operations. While these efforts have usually had broad geographic application, they are certainly applicable in South Texas and the Texas Coastal Prairie.

Specifically, research work in examining the economic implications of alternative livestock marketing strategies, grazing systems, brush management strategies and enterprises (including domestic and exotic wildlife) were directed at improving the productivity of rangeland and profitability of ranch operations. In addition, the primary aim of computer/web-based Decision Support Systems development work has been to improve the use, efficiency, and sustainability of rangeland resources. Clearly, the level of accomplishment in these activities during the past 22 years could not have been reached without the funds provided by the Thomas M. O'Connor Professorship.

Howard G. Buffett Chair in Conflict and Development – In 2011 Dr. Edwin C. Price was named as the first holder of the Howard G. Buffett Foundation Chair in Conflict and Development at Texas A&M University. The Buffett Chair holder will provide innovative economic and social science analyses and solutions in the study of conflict and development around the world. Based in the Department of Agricultural Economics, the chair will lead academic programs in conflict and development in the Department and collaborate with other units across the University, including the Bush School for Government and Public Service. The Buffett Chair in Conflict and Development is a component of a larger cooperation between the Howard G. Buffett Foundation and the Norman Borlaug Institute for International Agriculture.

Affiliated Programs

The Department interfaces with a number of other academic units at the University. This includes Mays Business School, the Department of Economics, and the Bush School of Government. Many members of the Agricultural Economics faculty participate in a variety of intercollegiate/interdisciplinary faculties, including the Intercollegiate Faculty of Agribusiness, the Interdisciplinary Water Management and Hydrologic Science Faculty, and the Faculty of Food Science and Technology.

Intercollegiate Faculty of Agribusiness (IFA) – The Master of Agribusiness degree program and PhD in Agribusiness and Management Economics are intercollegiate degrees administered by the Intercollegiate Faculty of Agribusiness which comprises faculty members from the Department of Agricultural Economics and Mays Business School. The creation of the IFA was approved by the Texas Higher Education Coordinating Board in 1999.

Mays Business School – In addition to the IFA affiliation, the undergraduate Agribusiness degree program is jointly offered by the College of Agriculture and Life Sciences and Mays Business School. The Texas Higher Education Coordinating Board approved the degree program in 1992.

Department of Economics – The Department of Economics provides economic theory courses for all of our degrees, BS, MS, MAB, and PhD. Many Department of Economics faculty

members serve on AGEC MS and PhD advisory committees. They also provide input for the PhD qualifying exam. Many of our faculty members serve as committee members for MS and PhD students in the Department of Economics.

Bush School of Government and Public Affairs – A few Department faculty members have affiliations with the Bush School of Government and Public Affairs and teach courses in natural resources and international economic development.

Other Affiliations – A number of Agricultural Economics faculty members are members of the Interdisciplinary Water Management and Hydrologic Science Faculty. Students in that program often enroll in AGEC courses. Several Agricultural Economics faculty members are members of the Faculty of Food Science and Technology. Although they do not formally teach courses in Food Science, they have actively interacted and collaborated with colleagues within the Faculty of Food Science and Technology on various research, teaching, and outreach related activities. Also, several faculty members work with the Texas Transportation Institute.

AgriLife Research and Extension Centers

The Department Extension program has faculty and support staff located at Research and Extension Centers throughout the state. A description of these Centers is provided in Appendix O.1.

Department Centers

Agricultural and Food Policy Center (AFPC) – This center conducts analyses of the impacts of government policy proposals and/or implementation procedures on farmers, farm organizations, agribusinesses, taxpayers, and consumers. Its primary constituency is the U.S. Congress, particularly the agricultural committees. Extension education of policy options and their economic impacts on farmers is an important aspect of the AFPC’s activities. Since 2000, the AFPC has expanded its research to include economic feasibility studies of alternative renewable fuels and the impacts of renewable fuels on the prices of agricultural products, food prices, and energy prices.

Agribusiness, Food, and Consumer Economics Research Center (AFCERC) – This center provides analyses, strategic planning, and forecasts of market conditions impacting domestic and global agricultural, agribusiness, and food industries. High-quality, objective, and timely research supports strategic decision-making at all levels of the supply chain from producers to processors, wholesalers, retailers, and consumers. Expertise on consumer economics adds depth to AFCERC research on the behavioral and social aspects of health, nutrition, and food safety. Through research and outreach programs and industry collaborations, AFCERC has become a leading source of knowledge on how food reaches consumers efficiently and contributes to safe and healthy lives. The research goal of AFCERC is to enhance the flow and quality of information along the farm-to-consumer market channel to improve decision-making and enhance the competitive position of our clients in national and global markets.

Center for North American Studies (CNAS) – This center was created by the Enterprise for the America’s Act of 1992 and was first funded in the FY1994 Agricultural Appropriations bill. CNAS meets high-priority national needs to provide objective analyses for rapid, precise responses to emerging trade and international policy issues. Priority programs include (1) response to national and state priorities with economic impact analysis; (2) identification and analysis of crucial emerging international trade trends and issues; and (3) development and implementation of extension programs to educate key business and policy leaders.

Texas Center for Rural Entrepreneurship (TCRE) – The TCRE is a nonprofit organization whose primary goal is to create jobs and wealth in rural communities by stimulating and supporting private and public development of entrepreneurs. TCRE accomplishes this by matching resources (mainly educational programs and technical assistance) to the needs of rural entrepreneurs and to organizations and communities embracing entrepreneurship as an economic development strategy. TCRE activities also target political representatives at local and state levels as they consider policy changes that will enhance entrepreneurship efforts in their communities. TCRE partners are also involved with school teachers and administrators implementing youth entrepreneurship programs. The Texas Leadership Program, which offers a variety of fee-based educational workshops to economic developers, business owners and others, recently became a program of TCRE after existing as a separate nonprofit under the direction of the Lower Colorado River Authority for many years. TCRE also offers Entrepreneur Ready Community and Entrepreneur Guide certification programs, business boot camps and economic development planning facilitation. Although not an explicit center in the Department, TCRE is run by a Department faculty member.

Southern Region Risk Management Education Center (SRRMEC) – This center was established by Texas AgriLife Extension Service in 2001 and is located in Stephenville, Texas. The SRRMEC is funded by a grant through USDA/NIFA (CSREES). The SRRMEC goal is to maximize the success of and recognition for the risk management education activities of grant recipients. Public and private sector grant recipients assist agricultural producers and their families in using improved risk management skills developed by attending the educational programs funded by the SRRMEC. In 2009, further funding for the SRRMEC was not awarded. At this time, the Center is completing administration of grants awarded in 2008 and 2009.

Physical Facilities

In June 2011, the Department moved to a new building providing modern, professional workspace for teaching, research and extension programs. The Agriculture and Life Sciences Building (AGLS) also houses two other social science departments within the College and the administrative offices for the College and Agencies. The Department is the largest unit in AGLS and occupies 34,000 square feet of usable space covering 1.5 floors. The space design includes approximately 55 faculty offices; 27 staff offices; office space for 110 graduate students; five conference rooms; a graduate computing laboratory; undergraduate learning center (study area); several project and general use rooms; and three break rooms. Undergraduate and graduate program offices provide both waiting and advising space for students and professional advisors of the Department.

Also located in the building are seven state-of-the-art classrooms and a 72-station computer teaching classroom/open access lab. Other classrooms are available within walking distance on the “West Campus” allowing for appropriate adjustment in our class scheduling after the move. With recent budget-driven reduction in faculty and staff positions, the Department now has space to comfortably accommodate some growth in programs in the future.

The AGLS building also has the advantage of proximity to our colleagues in the Department of Economics, located in the Bush School complex, and the Mays Business School located in the Wehner Building. Eleven of the 14 departments of the College are also located nearby, thus promoting opportunities for engagement and collaboration. Members of the Intercollegiate Faculty of Agribusiness are also faculty members of the Department or the Mays Business School and are housed in these two buildings. The IFA administrative office is co-located with the graduate office of the Department.

DEPARTMENT BUDGET OVERVIEW

Fiscal year expenditures are used to provide a view of the Department’s budget. The gold plate budget, state-appropriated amounts at the beginning of each year, is covered at the end of this section and in Figure B.6. In general, the gold plate budget and actual appropriated expenditures are within 13% of each other except for 2008 and 2009 for research. In these two years, the Department was awarded an influx of federal funds that were intended to offset a loss in earmark funds. The goal here is to avoid all the nuances of the budget process but still provide an overview of the Department’s spending. Expenditures through 2010 are included in the analysis, as 2011 expenditures are not available. As such, the effects of budget cuts in 2011 are not shown. All expenditures are in nominal terms and for the fiscal year, September 1 – August 31.

Aggregated Expenditures

Figure B.1  The total budget increases until 2006 and then remains fairly constant.  Extension and teaching expenditures (College and IE/EF) show a slight upward trend.  Research expenditures increase until 2006 and then trend downward.

Teaching Expenditures

Figure B.2  Teaching expenditures show an upward trend since 2004.  Appropriated funds (Educational & General and Designated) show an upward trend.  Appropriated funds as a percentage of total teaching expenditures average 90% Appropriated funds as a percentage of total teaching expenditures decrease from 95% in 2003 to 87% in 2010.  Instructional Enhancement/Equipment Fees (IEEF) – Student fees also show an upward trend as the Department increased the amount of these fees on classes. (Records on the amount of IEEF funds are not available before 2006.)  In 2010, IEEF expenditures were approximately 8% of the total expenditures.  Expenditures by endowed chairs remain fairly constant.

Research Expenditures

Figure B.3  Research expenditures increase until 2006 and then decrease until 2010.  Appropriated funds trend slightly downward until 2008.  Additional federal funds were received by the Department in 2008 and 2009 to offset the loss of earmarked funds, but expenditures decrease after this one-time increase.  Appropriated funds are between 25%–38% of total research expenditures (ignoring 2008 and 2009).  Grants and contracts as given by restricted funds increase until 2006 and then decrease until 2009.  Grants and contracts constitute 62%–75% of total research expenditures (ignoring 2008 and 2009).

Figure B.1. Departmental Expenditures by Teaching (COALS+IE/EF), Research, and Extension Including All Sources of Funds Except Designated for Research and Extension

Figure B.2. Teaching Expenditures by Source

Figure B.3. Research Expenditures by Source

Figure B.4. Extension Expenditures by Source

Extension Expenditures

Figure B.4  Total extension expenditures increase until 2009.  Appropriated funds (E&G) range from 61 to 68% of total extension expenditures, averaging 65%.  Appropriated funds show a slight decreasing trend until 2007 and then a slight upward trend to 2009 and then begin to decline again in 2010.  Grants and contracts (restricted) expenditures increase until 2008 and then decrease.  Grants and contracts range from 32 to 39% of total extension expenditures.

All Salaries as a Percent of Total Expenditures

Figure B.5  Salaries constitute by far the largest percent of teaching, research, and extension expenditures and total expenditures.  Considering all expenditures, salaries average 73% of expenditures.  The percent of each expenditure category spent on salaries average 84% of teaching expenditures, 70% of research expenditures, and 73% of extension expenditures.  The percent of expenditures on salaries from appropriated expenditures categories average 87% of teaching appropriated expenditures, 93% of research, and 88% of extension.  Operations average 15% of total expenditures with other (utilities, scholarships, and capital expenditures) averaging 11% of expenditures.

Other Sources of Income and Expenditures

The Department’s endowed accounts total approximately $3.2 million. The three largest endowments are the Southwest Dairy Marketing Chair, Donald S. Moore Fund, and Shirley and Joe Swinbank Rural Entrepreneurship accounts, which account for more than $2 million of the endowments. Disbursements from endowments and yearly gifts vary by year, but average more than $100,000 per year. With the exception of the Southwest Dairy Chair, Moore Fund, and Rural Entrepreneurship disbursements, the majority of expenditures go toward scholarships.

Gold Plate Budget

To illustrate the potential effect of budget cuts for 2011 and 2012 (expenditures are not available), the Gold Plate Budget for teaching, research, and extension is provided in Figure B.6. The Gold Plate Budget includes only appropriated funds and is used for planning purposes.

Figure B.6 – Gold Plate Budgets  Decreasing budgets are seen since 2009 for extension and since 2010 for teaching and research.  Between 2006 and 2012, the gold plate budget increases 22.5% for teaching, and decreases 11.7% for research and 9.7% for extension.

Figure B.5. All Salaries as a Percent of Total Expenditures by Teaching (COALS+IE/EF), Research, and Extension

Figure B.6. Department of Agricultural Economics Gold Plate Budgets

PERSONNEL OVERVIEW

A listing of faculty and staff in the Department is provided in Appendix Tables P.1–P.4. At the beginning of the 2011 fiscal year, total FTE’s for the Department were 79.7. These approximately 80 FTE’s consist of 47 FTE’s for faculty and faculty equivalents, slightly more than 14 FTE’s for extension program specialists, and 18.7 FTE's for professional and other support staff (which includes research associates). Because of less than 12-month appointments, a faculty FTE does not necessarily translate into one faculty position. The faculty FTE's include research, teaching, and extension.

Award-Winning Faculty and Staff

Appendix Tables P.5 & P.6  Numerous organizations have recognized the Department’s faculty members’ contributions.  Awards presented to faculty members range from recognition by the College and University to lifetime achievement awards.  Two examples of prestigious awards are Regent Professors / Fellows Service Awards, (the most distinguished award given by the University) and being named Fellows of the American Agricultural Economics Association (the most distinguished award given in the agricultural economics profession). o Six faculty members have been named Regents Professors. o Two faculty members have been named Regents Fellows. o Two faculty members have been named Fellows by the American Agricultural Economics Association.  Professional and support staff members have been presented with awards from the College, University and Association of Former Students. o Staff awards include the Vice Chancellor Award for Administrative Support On- Campus, the Texas Cooperative Extension Epsilon Sigma Phi State Award for Meritorious Support Service, and Student Led Award for Teaching Excellence.

Faculty Service Activities beyond Teaching, Research, and Extension

Appendix Table P.7  Besides teaching, research, and extension activities (see separate sections) faculty members are involved in numerous professional activities.  Twelve faculty members are currently involved in editorships and assistant editorships.  Faculty members serve on more than 40 national or international committees.  Faculty members serve on more than 20 association committees or councils.

Trends in Total FTE’s

Figure P.1  An overall increasing trend in total FTE’s is seen from 2005 through 2010.

 A sharp decline in FTE’s between 2011 and 2012 fiscal years is seen because of budget cuts associated with the economic recession.  The Other category in the graphs, which includes professional and support staff and research associates, shows a sharp decline over the past couple of years. Faculty FTE’s

Figure P.2  A sharp decline in faculty FTE’s is seen between 2003 and 2004.  There was an overall increasing trend in faculty FTE’s between 2004 and 2010.  FTE’s for faculty under research shows a downward trend throughout the time period.  Teaching faculty FTE’s increase until 2009 and then decrease.  Extension faculty FTE’s show a flat to slight decreasing trend.

Research FTE’s

Figure P.3  As expected, research is the most variable of the three categories (research, teaching, and extension) because of the dependence on grants and contracts.  A sharp increase in FTE’s was experienced in 2005. The sharp decrease in FTE’s starting in 2010 is caused by a decrease in the "Other" category (which includes research associates). Teaching FTE’s

Figure P.4  As expected, teaching FTE’s are the least variable of the three categories.  The Other teaching category is decreasing throughout the period.  Faculty FTE’s for teaching have been decreasing since 2009.

Extension FTE’s

Figure P.5  Overall there has been a decrease in total FTE’s for extension.  The decrease in total FTE’s is a function of decreasing FTE’s in Program Specialists and the "Other" category.

Figure P.1. Total Full Time Equivalents for Faculty, Program Delivery, and Other Support

Figure P.2. Total Full Time Equivalents for Faculty by Teaching, Research, and Extension

Figure P.3. Total Full Time Equivalents for Research

Figure P.4. Total Full Time Equivalents for Teaching

Figure P.5. Total Full Time Equivalents for Extension

Faculty New Hires and Departures

Table P.1  Research / Teaching Funds o The Department had 20 new hires and 19 departures since 2003; these numbers include appointment changes, retirements, and rehires. o Two hires include appointments with less than two months associated with the Department (mainly tenure-oriented appointments). o Three hires were non-tenure track. o Four hires / departures involved moving from the Dean’s office back to the Department or retirements and rehires. o The remaining 11 new hires / changes were in tenure track positions with one position being located in Vernon. o Of the 11 new hires listed above, five of the younger faculty members have already departed from the Department.  Extension Funds o Eight hires in the extension program, including one hired back at 50% time. o Ten departures including the one faculty member who was hired back at 50% time.

Table P.1. Faculty Hires and Departures 2005–2011

Research/Teaching Extension Hires / Appointment Hires / Appointment Year Departures Departures Change Change 2003 Richard Gallagher John Park Abner Womack John Park

2004 Desmond Ng Lonnie Jones (Ret.) Jim McGrann (Ret.) Yanhong Jin Paul Mitchell Carl Anderson (Ret.) Douglas Shaw Ernie Davis (Ret.)

2005 Ximing Wu Luis Ribera Ken Stokes (Ret.) Wayne Hayenga Robert Schwart (50%) (Ret.) Dennis Fisher (Ret.) Wayne. Hayenga (Ret.) Roland Smith

2006 David Newburn Marco Palma Dusty Menzies (non- tenure track)

2007 Gabriel Power George Davis Rob Hogan Dmitry Vedenov Mark Welch

2008 Richard Dunn Yanghong Jin Rebekka Dudensing Piya Greg Taylor Abeyanunawardena (Admin. Location- Borlaug Institute- 0.1215 FTE)

2009 Lindsey Higgins (non- Rudy Nayga tenure track) Oral Capps (Appointment change to non-tenure track) Ariun Ishdorj ` Joshua Woodard

Research/Teaching Extension Hires / Appointment Hires / Appointment Year Departures Departures Change Change Seong Park (located at Vernon - non-tenure) A. Gene Nelson (Temporary Position) 2010 Yvette Zhang Curtis Lard (Ret.) (Visiting Assistant Prof.-temporary position) Roger Norton (Admin. Location- office of Latin American Studies 0.0741 FTE)

2011 A. Gene Nelson Wade Griffin (Ret.) Greg Taylor (Ret.) (Change to 50% non- tenure track) John Nichols (Change Steve Fuller (Ret.) Jose Pena (Ret.) to non-tenure track) Joshua Woodard Lindsey Higgins Alan Love David Newburn Gabriel Power

Faculty Salaries

University guidelines suggest including faculty salaries in the self-study. Included are several graphs that illustrate faculty salaries relative to their peer groups as provided by the University http://www.tamu.edu/customers/oisp/faculty-reports/#faculty_salary_aaude. Salaries relative to peer groups are more meaningful than absolute levels. Salary figures cover only teaching/ research (tenured and tenure track faculty members). Figures do not include salaries of extension faculty.

Figure P.6 – Salaries as a Percent of Peer Group (see link above) by Rank based on the OUS 5-year Study  The Department’s salaries in 2002–2003 were just slightly below our peer group.  Salaries as a percent of our peer groups have steadily declined since 2002–2003.  Using all ranks’ salaries as the benchmark, salaries in the Department as a percent of our peer group have declined from 97% to 82%.  Assistant and associate professors’ salaries relative to their peer group being approximately 76% to 86% may be one reason the Department is losing good, young faculty members.

Figure P.7 – Salaries as a Percent of Peer Group by Department, College, and University  The University’s salaries (all ranks and all departments) have remained constant, ranging between 92 and 94% of the peer group.  The College’s salaries (all ranks and all departments) have remained constant, ranging between 90 and 94% of the peer group.  Department of Agricultural Economics salaries as a percent of our peer groups have steadily declined over the same period.

Figure P.8 – All Ranks Salary Levels for the Department and Peer Group  The Department’s salaries have not been increasing as fast as our peer group.  In 2002, the difference between salaries of the Department and the peer group for all ranks was $-2,709, whereas in 2011 the difference was $-18,980.  In 2005, the differences in salary surpassed the $10,000 mark.  Although not shown for full faculty salaries, the differences in 2002 and 2011 are $-975 and $-19,893.  Although not shown for associate faculty salaries, the differences in 2002 and 2011 are $-5,208 and $-16,035 respectively.  Although not shown for assistant faculty salaries, the differences in 2002 and 2011 are $-9,315 and $-19,080 respectively.

Figure P.9 – Differences in Salaries for the Department, College and University All Ranks  The College’s salary minus its peer group varies between $-3,991 in 2006 to $-9,526 in 2011.  University salary differences between their peers ranged from $-4795 in 2003 to $-8,759 in 2011.  The Department’s salary differences in 2011 exceed twice the College or the University’s differences.

Diversity

Diversity reflects the environment in which we teach and conduct research and extension activities. (In the following list, some categories may reflect double counting.)

 At the professorial rank, the Department has five females, one African American, one Native American, and two Hispanic faculty members.  Eleven faculty members are of international origin.  Domestic faculty members have a broad U.S. geographic representation.

Figure P.6. Department of Agricultural Economics Faculty Salary by Rank as a Percent of Peer Group (Note: Because of small numbers for associate and assistant professor ranks, all ranks and professor are considered the better indicators.)

100%

95%

90%

Percent AGEC 85% College TAMU 80%

75% 2002 2003 2004 2005 2006 2007 2008 2009 2010

Fiscal Year Figure P.7. Department of Agricultural Economics, the College, and University Faculty Salary as a Percent of Peer Group for All Ranks

Figure P.8. Department of Agricultural Economics and Peer Group Salaries for All Ranks

Figure P.9. Difference between the Department of Agricultural Economics, the College, and University Faculty Salaries and their Peer Groups for All Ranks

STAFF AND STUDENT INPUT Staff Input

The following comments are based on a meeting of the self-study committee and staff members. All staff members were invited to attend or provide written comments. When reading the following comments, keep in mind, potentially, a comment was made by an individual staff member; there was no attempt to reach any consensus among the group.

Staff plays a vital role in the mission of the Department from managing offices and activities to advising students. Roles differ based on factors such as teaching, research, and extension affiliations and the faculty member to which a staff member is assigned. Technology, budget cuts, and other changes over the years have changed how the Department operates, which has also affected staff members and their workloads. Workloads are variable; reassignment has occurred over time for a variety of reasons in an attempt to provide manageable workloads, avoid personality conflicts, and take advantage of individuals’ skills. Many staff members have bachelor’s or advanced degrees. Further, many staff members have taken development courses offered by the University and elsewhere. Working in an academic environment is not just a job, but a career choice for most staff members.

Overall, staff members like working in the Department and enjoy working for their assigned faculty or administration personnel. However, there are areas the Department administration and faculty could improve that would lead to an enriched working environment. (No particular order)

Recognition of Staff – Incentives  The obvious incentive is raises, but for the most part, raises are beyond Department control except in a few individual cases. Staff recognizes this issue, but other forms of recognition exist. o The Department should fight for comparable salaries for similar positions across the University. o If faculty members receive across-the-board raises, staff members should also.  Recognize / respect the value of the work provided; give credit, say thanks, improve web site to acknowledge value of the staff (examples include mission statement and staff contact lists that do not reflect value).  Encourage excellence; include staff in group awards and nominate more staff members for awards.  Support staff in attending Department-sanctioned events, such as Friday coffee or professional development activities.  Require supervisory training for faculty and staff in supervisory roles.  Rudeness and disrespect toward staff from students and faculty cannot be tolerated.

Role of Staff Advisory Committee (SAC)  SAC’s role has changed from its original intent to offer a confidential communication source between staff and administration and offer developmental activities to more of a social committee.  Should SAC be revamped or eliminated?

o The Commons committee has been a successful social committee, incorporating both faculty and staff. o If SAC is eliminated, what would take its place if anything?  Revised SAC – What would be its role? o Faculty and administration would need to support the committee. o One potential purpose would be to promote networking among staff members and provide opportunities for professional training by bringing individuals / courses to the Department. o Funding is necessary to have a viable SAC.

Communication, Communication, Communication  The backbone of any working relationship, communication provides a foundation for expectations between faculty, administration, and staff.  Faculty members need to communicate with staff members – specific examples include o Provide account information if faculty members expect staff members to interact with the business office. o Provide schedules of faculty members so staff members assigned to them can do their jobs competently.  Administration needs to provide full communication to staff members of Department issues, plans, future expectations, etc.  Include staff members in instructional/informational meetings so they have access to the information necessary to do their jobs.

Development and Training  Develop an in-house training program for staff. o Provide a training session for staff members on how to process University-related travel matters. o Provide a network where staff members can interact and share their expertise.  Provide support (funding and other) for developmental activities. o Funds to attend classes, workshops, webinars, and conferences. o Encourage staff to attend workshops and activities during staff recognition week.  Provide opportunities for all staff members (professional and support) regardless of position description.  Support staff members who are willing to personally fund development activities. (For example, allow staff members to attend such activities on University business and not have to take personal leave.)

Evaluations  Make evaluations meaningful to both faculty and staff.  Make evaluations ongoing throughout the year and not just an end-of-the-year task.  Evaluations must be more fairly considered; for example, faculty and staff expressed concerns that some evaluations are completed as ‘all excellent’ to avoid conflict, which they considered unfair to those whose evaluations are more thoughtfully completed.

Other  Current conflict resolution procedures leave staff members with the feeling conflicts will not be resolved or changed.  Examine the need for a separate grievance committee for staff (SAC does not provide this opportunity).  Faculty and staff use of leave and sick time needs to be more consistent.  Examine offices and workload for efficiency and other improvements. o Reorganize the location of the business office personnel so they can work in closer proximity. o Reorganize undergraduate and graduate offices so visitors are greeted by staff as opposed to students or no one at all. o Centralize activities for efficiency, such as travel. o Position and workload assessment guidelines. o Faculty and administration leadership in Department’s offices.  Building environment – consider increasing student friendliness to encourage academic interactions. o Extend hours for easier access for student activities. o Provide space for students to interact beyond the learning center. o Recognize the relocation of the Department to a new building requires additional time to conduct University and personal activities.  Provide expectations on the use of common areas to graduate students, faculty, and staff, especially since the Department shares these areas with other departments.  Provide expectations on dress code and be consistent across all positions.  Staff members liked the interaction between Extension and Research and Teaching associated with the placement of offices on the 3rd floor.

Undergraduate Student Input

The self-study committee met with approximately 40 undergraduate students at the Department’s SKYP (Students Know Your Professors – a monthly meeting with students) Luncheon. All undergraduate students were invited by e-mail. Students were made aware of the self-study effort underway and the external academic review this coming February. After a brief introduction, students were asked to indicate: what the Department was doing well; what the Department should do to improve the two undergraduate degree programs; and related issues that would improve student experiences as they prepare for a career upon graduation. Overall, the students appreciate the faculty and staff and have had positive learning experiences within the Department. The students value the AGEC / AGBU degrees; they expect the degrees will provide them value throughout their careers.

One important theme arose during the discussion. On many occasions the Department provides a good start on some issues but fails to keep up; more follow through is necessary. Further, students did not understand the concept of education vs. technical training. Some students stated they attended college specifically to get technical training in preparation for future employment.

When reading the following comments, keep in mind they are based on a small number of students. Potentially, a comment was made by an individual student; there was no attempt to reach any consensus among the group.

Student Advising

 Communications between students and advisors is good. Advisors are available, personable, and know students’ names. Personal touch was mentioned several times.  Although overall positive concerning advising, students felt improvements could be made. o More information about substitutions for required courses and consistency between students concerning substitutions. o Advice based on individual needs rather than on majority needs and history of classes. o Consistency between what is in the catalog and what is available. o More information on availability of certificates.  Department Head, Associate Heads, and faculty need to engage and interact more with undergraduate students. o Students felt the Fall Kickoff was a good start but interaction stopped after the Fall Kickoff. o Students felt the Department Head and faculty members could interact more with clubs, especially when the club meetings feature guest speakers. o Students would like Department Head and faculty should get to know students for the “long haul.”

Employment

 The Department could stress more that, to obtain jobs and internships, students need to start early and work hard; students felt that preparation for a job is not reinforced enough in classes and advising.  Students were concerned with what the Department could do to make students more marketable to prospective firms. o Students asked if the Department could provide more help in placement. o Concerns were raised about the ability of their degrees to compete with other agricultural economics degrees and other degrees in the market. o The department should reinforce the need of students to start their job searches before their senior year; this message starts in AGEC 217, but then many students may not hear this information again in their classes.  Students thought the Department should do more to market the qualifications of AGEC and AGBU graduates. Students felt that potential employers did not understand the applied nature of the degree programs offered. The Department can help industry/firms recognize our graduates' skills.  Students desire more on-campus interfacing with companies. Students felt the Department should do more to reach out to employers and seek out more opportunities beyond classes.

o The faculty should have industry visitors interact with students when they make visits to classes. Better sharing of information on industry visits and more visibility of Department administration to welcome them.  A long discussion concerning Agriculture Career Exposition (ACE) Day occurred. It was clear the students’ expectations of ACE Day and the objectives of ACE Day do not coincide. ACE Day is a career exposition run by the College and is not a job fair. With this established, comments made by the students are presented. With the misperceptions and discussion, the issue may be that the Department needs to convey concerns to College level administration about how ACE Day operates. o The Department should do more to promote ACE Day. o The practice of some instructors telling students to have company representatives at ACE Day to sign a paper to confirm they attended is interfering with serious interviewees. o Many agribusiness firms attend job fairs at Mays Business School but do not attend ACE Day. More networking with industry by the Department is suggested. o ACE Day needs to be more focused on jobs and not just internships.  Students felt the emphasis in the Department was too heavy on sales-related jobs and not on other opportunities.

Courses  Students expressed a need for a freshman-level seminar to help new students meet other students in the Department, learn about the Department, and make connections in the Department. AGEC 105 is their only contact with the Department for freshmen, and then for many students there is no contact for several semesters.  Overall, the students felt the Department had shifted towards better TA’s especially when it comes to English language skills; however, they noted TA's need to be in class, accessible to students, and able to communicate with students.  Class use of prerequisites and capstone courses building on required courses was a concern. o Students felt most courses did use the material from the prerequisite. o Students felt capstone courses do not build on prerequisites, but rather introduced new material.  Course content / material discussion garnered mixed comments from the students. o Some students felt their classes do not cover the basics of the topic and emphasized programming over fundamentals. o Other students like the more technical aspects such as computer assignments than the theory or basics. o Many students felt the classes overlap in material, such that a lot of time was spent on non-constructive reviewing of concepts rather than relying on prerequisites. o Students felt in several classes the material needed to be updated because issues from the 1990s are being discussed that no longer reflect current attributes. Material needs to be fresh and relevant. o Use broader examples in classes, not just agricultural examples; many students will not go into agricultural fields, and several AGEC options are broader than agriculture.

o Speaker focus in classes should relate to the class and not just the speaker’s interests. o Students mentioned that course coverage differs substantially depending on who the instructor is for that course and semester.  Course operations o All instructors need to make their grading policy clear up front. Faculty members need to adhere to a clear and available grading policy. o Students appreciate and felt they learned from instructors who hold review sessions outside of class time prior to exams. o Students prefer professors' notes to textbooks; the notes are more useful and less expensive than textbooks. o Some faculty members frequently miss class during the semester. Reliance on substitutes and TAs has a negative impact on student learning. If a faculty member expects students to attend classes, the students expect faculty members to be there as well. o Students prefer no formal attendance policy.  Students taking AGEC 460 as an easy substitute for a capstone course often have no interest in participating in an academic bowl. Given capped enrollment, some wanting to participate in an academic bowl cannot enroll in the class.  Students appreciate the applied nature of courses; this is seen as helpful when meeting with prospective employers.  More exposure to Mays Business School classes would be beneficial, particularly in the areas of finance and real estate.

Classroom Technology  Faculty members use many different technologies in class. Time constraints did not allow discussion of all technologies, such as web-based interactions, films, faculty- recorded videos, PowerPoint slides, on-line course offerings, etc. Students generally liked the use of technology; a limited discussion of one technology took place to illustrate students’ views.  i>clickers – This technology is good for student involvement and participation. o Helps engage students; they see is as a relevant technology. o i>clicker use is appreciated but students feel it should not constitute a major part of a final grade. o It is a good gage for instructors to assess in-class teaching.  Students see the cost outweighing the benefits unless the technology is used in more than one class.

New Building  Policy on open access labs and course-specific computer labs needs to be clarified.  Students’ accessibility to the new building is poor.  Students mentioned that business students can swipe card to gain access to their building.  Access to printers in the lab is a limiting resource.  Students see the lack of a place where they can socially interact in the building after classes as a detriment.

Department Website  Needs improvement; poor portal to potential employers and prospective students. Should be more descriptive of degree programs and potential fields of employment.  Students identified a number of website interface issues.

Graduate Student Input

The self-study committee met with approximately 12 graduate students (1 MAB, 3 MS and 8 PhD). All graduate students were invited by e-mail. Students were made aware of the self-study effort underway and the external academic review this coming February. After a brief introduction, students were asked to indicate what the Department was doing well; identify what the Department can do to improve the graduate degree programs; and related issues that would improve student experiences as they prepare for a career upon graduation. Overall, the students appreciate faculty and staff and had positive experiences within the Department.

One important issue arose during the discussion with the students: does the Department have a strategic / tactical plan, and if so, what is the plan?

When reading the following comments, keep in mind they are based on a small number of students. Potentially, a comment was made by an individual student and no attempt for consensus among the group was made. Comments are in no order of importance and include written and verbal comments received from students outside the meeting.

Student Advising  Students were very positive concerning the graduate office, especially the welcoming atmosphere, helpfulness, and individualized advising they received.  Students like the fact they did not have to form a committee and file a degree plan when they first entered the Department. They like the ability to get to know the Department before making any commitments.  Communications between students and advisors is good. Advisors are available, know students’ names, and are personable. Personal touch was mentioned several times.  The picture board in the office was useful not only to staff and faculty but also students for learning names.  Overall students felt the open-door policy maintained by most faculty members is a major positive over some of the other departments.  Staff and faculty encouraging participation by students in Departmental activities help make the students feel part of the Department.  Although overall positive concerning advising, students felt improvements could be made: o Students are receiving many e-mails that are marked urgent (overly dramatic) but are not actually urgent. o Advising could be more personalized; examine transcripts and interests closer and match them up for less cookie cutter schedules with repetitive classes from undergraduate training. This is especially relevant for students from other universities and programs.

o Students appreciated the care and interest shown to them, but at the same time felt they were being treated as children or with a lack of respect.  The Help Desk was seen as a major positive component of the Department; however, students pointed out the quality of help depends on who is hired into the position. Students felt more could be done to increase awareness of the Help Desk.  Students felt they have little interaction with the Department Head.

Student Recruitment and Placement  Students felt the Department's recruitment was more individualized than what they received from other departments.  PhD students questioned the recruitment and admission of students; there may be a need for a revised policy. o The Department should only recruit students who have a high probability of success in the program and only recruit an amount of students that still allows for funding of those students. o Students saw two practices as negative: bringing in many students who then fail out of the program, and not offering enough funding for all students. o The Department needs to be clearer in funding expectations. Some students may have misinterpreted the expectations associated with acceptance and funding letters.  Good placement in academic positions impacts the Department’s ranking which has a feedback effect on student placement; the Department should improve placement effects. o The Department should provide web space for personal web sites for students who are job hunting, which may also attract employers and new students. Examples from other AGECON programs: http://are.berkeley.edu/student_directory.php and http://dyson.cornell.edu/grad/job.php. o E-learning updates caused this semester to include more information for graduate students, and it was seen as an improvement.  Publications and placement – PhD students realize good placement requires publications and noted faculty members stress this, but: o Lack of flexibility in the program limits opportunities to publish. o Faculty members note the need for publications, but do not show a willingness to work with students unless it is dissertation work. o Implementation of a research paper requirement similar to other universities may be beneficial: http://www.econ.yale.edu/graduate/desc/aep_req.htm and http://areweb.berkeley.edu/empirical.php. o Funding of all students who have passed qualifiers may help provide the flexibility for this requirement, as it would eliminate some of the need for students to hold outside jobs.

IT and the New Building  The printer in the graduate computer lab is too small for the workload.  A printer on the 4th floor would improve efficiency.  Wireless access is not available in all offices.  IT help – IT help for graduate students would improve by providing additional information on Departmental resources and decrease the time it takes between requesting help and receiving help.

 Graduate web site needs updating not only for current students but also for recruitment. o Faculty listing of research activities needs to reflect what people do. o Web site is not current for the current degree plans and course offerings. PhD Program – Given the number of PhD students present, obviously PhD issues dominated the discussion.  Students felt our MS program did not prepare them for our PhD program. o Graduates of our MS thesis program were less prepared than students from other U.S. departments. o MS and MAB students may have different goals, and are lumped together into one class for AGEC 621 and AGEC 622. o Maybe the Department should include a PhD track within the MS program for those students who want to continue their education. Students, however, recognize the limited resources facing the Department. o Include a course such as linear algebra and real analysis in the MS program.  Much discussion centered on the PhD qualifier, including many misconceptions. o Students felt they were being compared to economics graduate students even though there are two different qualifiers. o If students are going to be compared to economics students, a more standard timetable in terms of classes taken and available time to study is necessary. o Students felt the Department math camp helped in classes and also in passing qualifiers. Students questioned why the Department stopped hosting the camp.  Discussion on acceptance of transfers into the PhD program raised several interesting points concerning the future of the program. o Some students felt transferring from the Department of Economics should not be a consolation prize for students failing the economics qualifier. o The question was raised whether accepting transfers who failed the economics qualifier lowers the value of the PhD Agricultural Economics degree. o Are students who transfer from the economics department committed to the Agricultural Economics program, research, and classes? o Felt transfers where treated differently than students originally accepted in the program.  The seminar program was also discussed. o Improve the quality of seminars. If money is an issue, seek out people from across the University. o Use the seminars to enhance collaboration and interaction between faculty members and students and among students. o Develop a mechanism where PhD students present research results.

Other  Balance applied programming with theory in classes; do not become a cookbook class without the basics, especially at the MS level.  Provide more explicit faculty expectations on the workload for TA’s. Workloads are highly variable between faculty members.  GSA socials, and the frequency at which they are held, are good.

 Increase flexibility in the programs.  Do a better job in teaching students how the math they are learning in class will be used in research and careers.  ECON 607 and ECON 611 contain no new concepts, just math.  FINC 642 is not a substitute for ECON 611.  Fund a greater number of students and increase the amount provided to each student.  Make average GREs and GPAs for accepted students available to help potential students make enrollment decisions.  Students bemoaned the lack of a social and studying room like the one in the Blocker building (the Fishbowl).  Can the Department do anything concerning parking in lot 100 and having to vacate those spots at 2 am?

RESEARCH AND SCHOLARLY ACTIVITIES

Research programs in the Department are funded primarily through the University, AgriLife Research, and external grants and contracts. In addition to the usual academic outlets, findings and results are provided to public policy decision makers, agricultural businesses, and related agribusiness organizations. Many research projects involve multidisciplinary collaboration.

Major research programs are conducted in many areas that can be classified into three main areas: Natural Resource and Environmental Economics, Markets and Information Economics, and Agribusiness and Managerial Economics.

Natural Resource and Environmental Economics

Work in the Natural Resource and Environmental area addresses interdependencies between natural resources, the environment, and economic activities. Further complicating the issue is the fact that most environmental and natural resources are not traded in economic markets. Unique difficulties arise in the efficient use of these resources.

Sub-Areas  Environmental / Natural Resource / Agricultural Policies – The analysis and design of policies in light of interactions with the natural environment and tradeoffs that decision makers must make.  Water Resources – Examines economic issues associated with water management from examining increasing water supplies to pricing at the city level.  Nonmarket Valuation – Use and development of methods to value resources not traded in the marketplace.  Climate Economics – Economic assessments of global climate change effects, adaptation, and mitigation, along with studies of the value of climate forecasts.  Energy – Research on economic conditions involved with a continuum of energy issues ranging from biofuels to nuclear waste disposal.  Biosecurity – Studies on the effects of disease outbreaks, policy, terrorism-related strategy formation, carcass disposal, and approaches to non-cooperative behavior.

Markets and Information Economics Area of Research

The Markets and Information Economics research area covers studies that explore the extent to which markets and other institutions process and convey information. Many of the problems of markets and other institutions result from costly information, and many of their features are responses to costly information. So, while information influences many economic decisions, it also complicates many economic theories.

Sub-Areas  Agricultural and Food Policy – Covers analysis of impacts of government policies and implementation on farmers, agribusinesses, taxpayers, consumers, and international trade.  Demand Analysis and Production Economics – Emphasizes empirical analysis of demand and production relationships.

 International Trade – Explores basic elements of international trade theory and its application including classical trade theory and new theories of imperfect competition in international markets.  Macroeconomics of Agriculture and Finance – Analyzes the interactions of the macro economy with the food and fiber industry and financial management issues.  Time-Series Econometrics – Develops and applies time series approaches as data sets used in agricultural economics research are often observed over time, where the order of observation is an integral part of the analysis.

Agribusiness and Management

The Agribusiness and Management research area covers the application of theory and decision analysis to problems in the food and fiber industry. Studies of linkages among the sectors in this industry and their interdependency are combined with studies on the operation of agribusiness firms. Firm studies range from farm input manufacturers and suppliers, and food processors and fiber manufacturers to wholesale and retail trade firms.

Sub-Areas  Strategic Management – Provides a qualitative assessment on market effects of alternative market strategies, based upon both quantitative and descriptive information.  Market Organization, Structure, and Contract Theory – Elements of industrial organization theory are used in theoretical and empirical applications to agricultural and natural resource markets.  International Agribusiness – Explorations of basic elements of international business including international trade patterns and the effects of protection within the context of competitive markets.  Agribusiness Finance – Addresses credit and portfolio analysis and institutional strategies for coping with credit, collateral, liquidity, and interest rate risk.  Forecasting in Agribusiness – Develops and applies forecasting theory in an agribusiness context.

Research Highlights / Impacts – Sampling of Research and Impacts

 Policy makers are increasingly using market-based approaches for environmental services. Research conducted has contributed directly to improved design and better assessment of such programs in the areas of carbon trading, water quality, and fisheries management.  The economic impacts of U.S. exports and trade agreements have been analyzed to examine the effects on income and employment. Expanded U.S. agricultural exports to Cuba, for example, have been estimated to add $1.1 billion in economic activity and 6,000 jobs to the economy. Impacts of the U.S. – Colombian Trade Agreement were estimated to increase economic activity by $1.6 billion, adding 20,400 jobs nationwide.  Research contracts with EPA OTAQ have led to University personnel being involved with the regulatory setup of the Energy Independence and Security Act, in terms of the renewable fuel standard requirements.

 Research has been done on national impacts of climate change and climate change mitigation and adaptation, with team members playing an important role in global policy deliberations through IPCC, USDA, DOE, and EPA.  Faculty examined households’ attitudes and reactions toward arsenic concentrations in drinking water. Findings suggest that water quality matters when choosing to drink bottled water, but other factors, such as taste, influence the amount consumed per month, and average monthly willingness-to-pay to reduce risks is significant and in sync with estimates of average actual treatment costs.  Researchers at Texas A&M University and the University of Tennessee collaborated to examine the relationship between smokers who are men in China and their self-reported health score. The study found that Chinese men who report that they are in better health can be heavy smokers.  A study estimated that additional water supplied by controlling brush in eight Texas watersheds would cost from $20.82 to $258.84 per acre-foot if a governmental entity created a cost share program with landowners. This information has formed the basis for two ongoing brush control programs estimated to provide an additional 185 billion gallons of water over 10 years.  A web version of FLIPSIM developed in the Department that allows farmers to examine the return and risk consequences of policies and decisions was used more than 410,000 times by farmers. It is credited with increasing farm income $123 million over 10 years. Additionally, more than 70 policy analyses using FLIPSIM have been requested by U.S. Congressional Agricultural Committees due to its policy analysis capabilities.  Increasing incidents of fever ticks on South Texas ranches have raised concerns about the ability to continue to control fever ticks and keep them in the quarantine zone. A study estimated the total cost for one year to control a smaller, limited outbreak in Texas would be $123 million dollars.  Department economists estimate that a biological control program for controlling giant reed along the Rio Grande River would contribute $9 to $18 million per year to the South Texas economy by 2025 and create an additional 197 to 351 jobs. Estimates of the benefit-cost ratio were from $4.38 to $8.81 per control program dollar. This has resulted in the implementation of a biological control program for giant reed in the Rio Grande River Valley.  Recent research estimates that, in a developed cellulosic ethanol industry, energy sorghum could increase Texas agricultural income by $818 million and the Texas economy by almost $7 billion annually, accounting for 11,000 new jobs.  Joint machinery ownership between independent agribusinesses can increase net returns and can be financial risk-reducing.  Lamb producers would benefit from a deeper understanding of the quality considerations desired by Americans of different ethnicities.  Analyses suggest a new intermodal terminal in west Texas’ intensive cotton production region would be economically viable, would handle nearly 30% of Texas’ average cotton production, would reduce roadway maintenance costs by $1 million annually, would reduce CO2 emission by 42 to 47%, and would reduce truck-travel in the Dallas-Ft. Worth area by 13,800 to 16,700 trucks per year.  Non-whites tend to exhibit higher obesity rates, greater access to fast food establishments and higher consumption of fast-food meals compared to their white counterparts.

Distance to the nearest restaurant is a statistically significant predictor of obesity status for non-whites. Decreasing the distance to the nearest restaurant by one mile would increase the obesity rate by 8.3 percentage points.  New econometric methods have been developed to deal with problems encountered in our analyses of real world economic problems.  Analyses have been done on the interrelationship between climate change and animal disease, showing climate change has increased the probability of avian influenza outbreaks by nearly 50%.

Hatch Projects

Table R.1  Illustrates the diversity of faculty research topics and interests.

Demand for Services

Table R.2 – Budgets  The values are for fiscal years. At the time of this report, the most recent expenditure data was fiscal year 2010, which reflects conditions nearly two years ago.  Appropriated Expenditures o In nominal terms, expenditures are generally constant showing a slight increase between 2003 and 2010. o Expenditures show an influx of federal dollars in 2008 and 2009, to replace earmarked dollars. o In nominal terms, the 2010 expenditures are 4.9% larger than in 2003. o In real terms, the 2010 expenditures are 10.8% less than in 2003.  Contracts and Grants o In nominal terms, expenditures increase until 2006 and then show a general decline. o In nominal terms, 2010 amount is 27.5% larger than in 2003. o In real terms, 2010 amount is 8.4% larger than in 2003. o In nominal terms, 2010 amount is 29.7% less than in 2006. o In real terms, 2010 amount is 36.6% less than in 2006. o The following partial listing of current and former grants and contract agencies illustrates a wide diversity of demand for Department research services: USDA, Texas Education Extension Foundation, Texas Wheat Producers’ Board, RTI International, Cotton Incorporated, State Energy Conservation Office, Department of the Interior, Texas Corn Producers’ Board, U.S. / Department of Homeland Security, Harlingen Irrigation District, National Milk Producers’ Board, National Science Foundation, National Oceanic and Atmospheric Administration, and Foreign Agricultural Service/U.S. Department of Agriculture. o A listing of contracts and grants awarded in 2010 and 2011 are given in Appendix R.1 to R.3.

Output

Table R.3 – Publication Type  Faculty members use numerous publication types to publish their research and education activities.  For the eight years 2003–2010, the Department averaged approximately 61 refereed journal articles per year.  For the years 2003–2010, the Department averaged approximately 90 presented invited (42) and selected (48) papers, per year.  A large number of newsletters, and Extension, center, and outreach presentations were also provided.

Table R.4 – Journal Main Focus  As expected, the main journal focus is agricultural economics.  Journals with a natural resources focus is the second largest journal focus outlet.  Economics is the third largest focus area.  The diverse areas of focus are expected, given the faculty’s diverse research interests.

Table R.5 – Publications / Presentations by Faculty  Publications are dominated by professors and faculty with university appointments; this is expected given the faculty makeup and appointments.  Appointment is an influential factor in the choice of outlet type.  Journal articles in additional detail (because the main focus of this review is academics). o From 2003 to early 2011, nine faculty members had 20 or more journal publications. Of these one has left the Department. o From 2003 to early 2011, 11 faculty members had more than 15 journal publications, but of these members, one has left the Department and one’s appointment is adjunct. o Twenty faculty members had 10 or more journal articles. Of these 20, four have left the Department. o The number of journal publications being published in the Department is dominated by only a few individuals.  Citations indicate there is a strong demand for use of the Department's publications and presentations.

Table R.1. Hatch Projects of Current Faculty

Principal Investigator(s) Project Title David A. Bessler Machine Learning & Econometrics for Agriculture Policy Frederick O. Boadu Natural Resource/Institutional Economics Henry L. Bryant III Effects of Biofuels Technology Development and Fossil Energy Extraction Conditions on World Agricultural Markets and Trade Oral Capps, Jr. Analysis of Consumer Behavior and Market Information in Assessing the Demand for Food and Beverage Products J. Richard Conner Economic Evaluation of Range-related Resources Management Alternatives Richard A. Dunn Consumer Behavior, Environment & Health Ronald C. Griffin Institutional Mechanisms for Accessing Irrigation District Water Ariun Ishdorj Analysis of Food & Nutrition Assistance Programs & Demand for Food Eluned Jones Modeling for Strategic Decision Making Ronald D. Lacewell Policy and Institutional Implications of Water Conservation and Alternative Water Sources Kerry K. Litzenberg and Economic Analysis of Information: Needs, Uses, & Value in Agribusiness, James W. Mjelde Agriculture, & Natural & Human Resources Bruce A. McCarl Biosecurity in the Agribusiness & Food Supply Chain and Impact Analyses and Decision Strategies for Agricultural Research (NC1003) Biobased Energy Research and Information Exchange Committee Desmond W. Ng Research in Strategy and Agribusiness John P. Nichols Food & Agribusiness Market Development John B. Penson, Jr. Agriculture Lending Decisions: Impacts of Changing Macroeconomics & Farm Program James W. Richardson Analysis of Agriculture, Macroeconomic and Trade Policy on U.S. Agriculture and Agribusiness M. Edward Rister Economic Evaluation of Water Conservation and Alternative Water Sources C. Parr Rosson III Economic Impacts of International Trade and Domestic Policies on Southern Agriculture Victoria S. Salin Asset Valuation and Strategic Analysis of Agribusiness Investment Activities W. Douglass Shaw Incorporating Risk Perceptions into Behavioral Models in Environmental & Health Economics John W. Siebert Research on Students and Food Industry Management Careers Dmitry Vedenov Analysis and Modeling of Decision-making under Uncertainty by Agri- Producers and Agribusiness Firms Gary W. Williams Globalization and Texas Agricultural and Food Product Markets Richard T. Woodward The Economics of the Environment and Natural Resources: Applied Problems Related to Sustainability and Market-based Instruments Ximing Wu Econometric Methods for Agricultural & Applied Economics

Table R.2. Research Expenditures in Nominal and Real Dollars by Appropriated and Contracts and Grants

Expenditures 2003 2004 2005 2006 2007 2008 2009 2010

Total Expenditures - Nominal 4,517,271 4,318,237 5,627,570 6,491,249 5,923,894 5,528,475 4,898,098 5,136,527

% Change -4.4 30.3 15.3 -8.7 -6.7 -11.4 4.9

Buying Power in 20011 5,556,243 5,181,884 6,527,981 7,335,111 6,457,045 5,804,899 5,191,983 5,239,257

Real 2011 Dollars 2,104,986 1,968,178 1,952,947 1,844,426 1,823,666 3,230,484 2,078,498 1,755,695

% Change -6.7 26.0 12.4 -12.0 -10.1 -10.6 0.9

% Change 2003–2010 Nominal 18.9

% Change 2003–2010 Real 1.1

% Change 2006–2010 Nominal -20.9

% Change 2006–2010 Real -28.6

Appropriated - Nominal 1,711,371 1,640,148 1,683,575 1,632,235 1,673,088 3,076,651 1,960,847 1,721,270

% Change -4.2 2.6 -3.0 2.5 83.9 -36.3 -12.2

Buying Power in 20011 1.23 1.2 1.16 1.13 1.09 1.05 1.06 1.02

Real 2011 Dollars 2,104,986 1,968,178 1,952,947 1,844,426 1,823,666 3,230,484 2,078,498 1,755,695

% Change -0.8 -5.6 -1.1 77.1 -35.7 -15.5 -15.6

% Change 2003–2010 Nominal 4.9

% Change 2003–2010 Real -10.8

Expenditures 2003 2004 2005 2006 2007 2008 2009 2010

% Change 2006–2010 Nominal 5.5

% Change 2006–2010 Real -4.8

Grants and Contracts 2,805,900 2,678,088 3,943,995 4,859,013 4,250,806 2,451,824 2,937,251 3,415,257

% Change -4.6 47.3 23.2 -12.5 -42.3 19.8 16.3

Real 2011 Dollars 3,451,257 3,213,706 4,575,034 5,490,685 4,633,379 2,574,415 3,113,486 3,483,562

% Change 42.4 20.0 -15.6 -44.4 20.9 11.9 -7.4

% Change 2003–2010 Nominal 27.5

% Change 2003–2010 Real 8.4

% Change 2006–2010 Nominal -29.7

% Change 2006–2010 Real -36.6

1 Inflation Rate based on CPI Inflation Calculator http://data.bls.gov/cgibin/cpicalc.pl?cost1=1.00&year1=2009&year2=2010

Table R.3. Publication Types for All Authors by Calendar Year Source: Departmental Publication Database Based on Faculty CV’s submitted to the Department and Departmental Interpretation. (Data is incomplete)

Year Publication Type Total 2003 2004 2005 2006 2007 2008 2009 2010 2011 Journal Articles 486 61 50 64 50 57 45 53 81 25 Journal Not Refereed 5 0 0 0 0 1 2 1 1 Published Abstracts 43 8 6 1 5 1 4 8 8 2 Books 20 1 0 3 5 5 0 1 4 1 Book Chapters 53 9 1 7 4 6 5 9 6 5 Govt./Univ./Research 60 15 4 8 7 7 5 6 4 4 Reports Invited Papers 338 35 21 29 31 46 72 54 44 6 Published Proceedings 145 24 19 17 14 23 14 17 17 0 Unpublished 96 9 20 10 5 23 8 14 6 1 Proceedings Selected Papers 378 26 59 68 59 53 15 28 48 22 Posters 114 6 5 8 15 28 9 11 21 11 Departmental Papers 37 13 2 0 0 6 7 4 5 0 Center Papers 142 16 22 14 11 38 15 9 16 1 Seminar Papers 167 19 26 37 31 30 8 10 6 0 Book Reviews 4 1 0 0 0 1 0 1 1 0 Computer Programs 19 11 0 1 1 2 2 1 0 1 and Documentations Extension Publications 451 67 30 51 38 41 99 61 43 21 Outreach 436 6 8 19 58 306 22 12 5 0 Presentations Popular Articles 200 13 14 29 45 22 12 19 38 8 Newsletters 228 5 17 61 50 58 4 22 11 0

Table R.4. Journal Type for All Authors by Calendar Year Source: Departmental Publication Database Based on Faculty CV’s submitted to the Department and Departmental Interpretation. (Data is incomplete)

Publication Total 2003 2004 2005 2006 2007 2008 2009 2010 2011 Type Total 490 61 50 64 50 58 47 52 82 26

Ag. Econ. 135 11 14 24 18 15 21 9 17 6

Resources 106 16 8 12 14 16 10 7 15 8

Economics 67 12 8 7 7 9 2 10 10 2

Agriculture 49 4 5 6 3 3 6 6 13 3

Business 46 7 5 5 3 9 3 5 8 1

Marketing 32 5 3 3 2 4 2 7 4 2

Quantitative 24 4 2 4 0 1 1 5 6 1

International 6 0 2 1 0 0 0 2 0 1

Health 5 0 0 0 0 0 0 0 4 1

Law 4 1 1 1 0 0 0 1 0 0

Science 2 0 1 1 0 0 0 0 0 0

Other 14 1 1 0 3 1 2 0 5 1

Table R.5. Selected Avenues of Publications and Presentations by Rank and Individuals by Calendar Year (Individual and by Rank Includes Multiple Authorship – sum will not equal all) Source: Departmental Publication Database Based on Faculty CV’s submitted to the Department and Departmental Interpretation, 2003–early 2011. (Data is incomplete)

PhD

of Date Citations Cites/year Journal Articles meeting Prof Papers Papers Invited Books Book Chapters Bulletins Agencies Departmental Papers Extension Papers Outreach popular Outreach Presentations Other Asst Professor 73 136 12 1 6 6 17 220 101 158 1 Assoc Professor 86 183 57 0 5 2 63 116 6 106 2 Professor 371 580 447 20 47 52 156 324 317 183 18 PhD Student 126 315 169 4 12 10 109 245 108 156 5 Joint Appointment 19 20 15 1 5 0 5 0 0 2 0 University 479 742 498 20 53 58 171 407 411 358 20 Extension 89 365 19 4 11 12 111 440 400 400 8 PhD Faculty 417 520 458 19 44 53 141 27 26 40 11 Research 423 518 482 18 45 54 141 35 26 43 12 Individual – ranked by citations / year McCarl, B.A. 1973 3220 82.56 66 66 191 8 20 11 14 3 18 2 7 Bessler, D.A. 1977 836 23.89 43 17 6 0 1 1 3 2 0 0 0 Shaw, W.D. 1986 797 30.65 28 11 8 1 4 0 0 1 0 0 0 Nayga Jr., R.M. * 1991 773 36.81 53 43 142 0 3 1 1 0 0 2 0 Mjelde, J.W. 1985 740 27.41 21 5 4 0 2 0 1 0 0 0 0 Capps Jr., O.C. 1979 628 19.03 22 18 11 7 2 5 14 3 2 4 1 Griffin, R.C. 1980 430 13.44 6 6 2 2 2 0 0 0 1 0 0 Richardson, J.W. 1978 376 11.06 19 80 6 0 3 1 80 4 0 5 1 Love, H.A. * 1988 283 11.79 12 6 1 0 0 0 2 0 0 0 0 Woodward, R.T. 1997 261 17.4 25 15 8 4 4 0 0 0 1 0 0 Lacewell, R.D. 1970 241 5.74 7 64 5 0 0 27 5 0 0 17 1 Griffin, W.L.* 1972 213 5.33 9 6 3 0 4 0 1 1 0 2 15 Conner, J.R. 1970 206 4.9 6 6 0 0 1 0 0 1 0 0 0

PhD

of Date Citations Cites/year Journal Articles meeting Prof Papers Papers Invited Books Book Chapters Bulletins Agencies Departmental Papers Extension Papers Outreach popular Outreach Presentations Other Fuller, S.W. * 1970 173 4.12 8 9 1 0 0 4 3 1 0 0 0 Penson Jr., J.B. 1972 155 3.88 1 2 10 3 0 0 1 0 1 1 0 Gan, J. 1990 152 6.91 15 18 12 0 3 0 1 0 0 1 0 Rister, M.E. 1981 135 4.35 7 67 5 0 0 25 4 0 0 17 1 Williams, G.W. 1981 128 4.13 12 4 16 0 0 1 20 1 0 4 1 Leatham, D.J. 1983 114 3.93 7 29 0 0 0 0 0 0 0 0 0 Vedenov, D.V. 2002 103 10.3 20 27 4 0 0 0 1 2 0 0 1 Abeygunawardena, P. 1986 89 3.42 1 1 2 1 1 0 4 0 0 1 0 Salin, V.S. 1996 77 4.81 6 26 14 0 0 1 4 1 1 0 0 Wu, X.M. 2003 71 7.89 20 22 22 0 0 0 1 0 0 1 0 Newburn, D.A. * 2002 62 6.2 8 6 3 0 0 0 2 0 0 3 0 Nichols, J.P. 1969 62 1.44 3 3 1 0 0 0 2 0 0 0 0 Park, J.L. 1996 62 3.88 6 12 0 0 1 0 0 6 21 3 1 Lard, C.F. * 1963 50 1.02 0 4 0 0 0 0 1 0 0 0 0 Litzenberg, K.K. 1979 47 1.42 8 5 13 0 0 1 0 0 1 0 0 Boadu, F.O. 1980 46 1.44 7 2 2 0 0 0 0 0 0 0 0 Amosson, S.H. 1983 44 1.52 4 34 0 0 0 0 1 39 3 1 0 Robinson, J.R.C. 1993 41 2.16 9 34 0 0 1 5 2 25 9 2 1 Nelson, A.G. 1969 31 0.72 0 2 0 0 0 0 0 2 0 0 0 Burton, D.M. * 1991 28 1.33 3 1 1 0 1 0 0 0 0 0 0 Jones, E. 1987 25 1 2 9 9 0 0 0 1 0 0 0 0 Bevers, S.J. 1989 23 1 4 15 0 0 0 0 0 60 1 36 0 Bryant, H.L. 2003 23 2.56 9 19 9 0 3 0 16 0 0 2 1 Outlaw, J.L. 1992 22 1.1 13 84 1 1 4 0 82 11 2 3 0 Anderson, D.P. 1994 21 1.17 10 73 1 0 3 1 55 55 70 45 0 Ribera, L.A.L. 2005 20 2.86 7 15 2 0 1 2 10 14 0 61 0 Klinefelter, D.A. 1979 17 0.52 4 2 0 0 0 0 3 23 54 9 1 Woodard, J.D. * 2009 17 5.67 4 11 0 0 0 0 1 0 0 0 0

PhD

of Date Citations Cites/year Journal Articles meeting Prof Papers Papers Invited Books Book Chapters Bulletins Agencies Departmental Papers Extension Papers Outreach popular Outreach Presentations Other Rosson III, C.P. 1982 16 0.53 10 24 4 3 0 0 16 2 1 23 0 Clary, G.M. 1982 14 0.47 1 2 1 0 0 0 0 4 0 6 1 Siebert, J.W. 1978 13 0.38 9 2 2 0 0 0 0 0 1 1 0 Pena, J.G. * 1983 12 0.41 0 33 0 0 1 0 1 17 129 18 1 Falconer, L.L. 1992 10 0.5 3 27 0 0 1 0 0 80 1 1 1 Haby, M.G. 1982 8 0.27 0 9 5 0 0 0 1 16 0 4 3 Power, G.J. 2007 7 1.4 12 24 0 0 0 0 0 0 0 0 0 Hogan Jr., R.J. 2007 6 1.2 4 22 1 0 0 1 0 31 74 57 0 Jin, Y.H. 2004 6 0.75 10 16 5 1 0 0 0 0 0 2 0 Ng, D. 2001 5 0.45 14 32 5 0 0 0 2 0 0 0 0 Dudensing, R.M. 2008 3 0.75 2 12 0 0 0 1 1 21 1 2 0 Dunn, R.A. 2008 3 0.75 9 0 1 0 0 0 0 0 0 0 0 McCorkle, D.A. 2005 3 0.43 4 20 0 0 0 0 0 101 0 2 0 Welch, M. 2007 3 0.6 4 1 0 0 1 0 1 9 19 0 0 Bennett, B.K. 1999 2 0.15 4 7 0 0 0 0 0 52 0 55 0 Palma, M.A. 2005 2 0.29 12 8 0 0 2 1 6 7 7 3 0 Waller, M.L. 1988 2 0.08 1 8 0 0 0 0 2 37 6 0 0 Cornforth, J.C. 1980 0 0 1 0 0 0 0 0 0 0 0 0 0 Ishdorj, A. 2009 0 0 1 1 0 0 1 1 0 0 0 0 0 Johnson, J.L. 1996 0 0 1 17 2 0 0 0 0 28 1 36 0 Klose, S.L. 2001 0 0 9 34 0 0 1 1 49 50 4 12 0 Smith, J.G. 1978 0 0 0 2 0 0 0 0 0 3 1 0 0 Taylor, G.S. * 1985 0 0 1 0 2 0 0 0 0 1 0 1 0 Thompson, W.J. 1990 0 0 0 3 0 0 0 0 0 48 0 29 0 Zhang, Y.W. 2010 0 0 0 0 0 0 1 0 0 0 0 0 1 * No longer in the Department. The Journal Articles category includes both refereed and non-refereed; the Departmental Publications category includes Departmental Papers, Center Papers, and Government/University/Research Reports; the Outreach category includes Popular Press and Newsletters.

UNDERGRADUATE TEACHING ACTIVITIES

Undergraduate Program Overview

The Department offers two degree programs at the undergraduate level. The Agribusiness (AGBU) degree program was added in 1992 to the Department’s Agricultural Economics (AGEC) degree program. Options offered under the AGEC degree program were revised approximately eight years ago to better inform prospective students of the potential career opportunities under this degree program. A general overview of the Department’s undergraduate programs is presented before discussing each program’s specifics.

Both of the Department’s undergraduate degrees require 120 hours of course work, with 43 hours of that credit associated with the University’s Core Curriculum defined by the Faculty Senate. The Agribusiness degree is oriented toward preparing students for employment in the corporate world, with a rigid curriculum that contains seven to 10 hours of general electives. The Agricultural Economics degree includes 24 hours of general and directed electives, enabling students flexibility in course selection associated with career-oriented options: Finance and Real Estate, Food Marketing Systems, Policy and Economic Analysis, and Rural Entrepreneurship. These programs/options span more than 25 course offerings that include international and internship-related learning experiences. Descriptions of the requirements for each of these options, certificates, and course descriptions can be found in Appendix U.1 through U.8.

Several of the Department’s courses are taught during only one semester of the year, reflecting student demand and faculty resource availability. The prerequisites specified for the Department’s undergraduate courses are enforced for both majors and non-majors.

Undergraduate Recruitment and Placement

The Department relies on two approaches in recruiting new students to our undergraduate degree programs. An informal approach relies heavily on former students assisting in establishing contacts for prospective students. Faculty members also periodically have opportunities to interact with prospective students and organizations during travel around the state. Finally Aggie Reps, a student organization, is involved with presentations at area high schools.

A more formal approach involves the Department’s participation in scheduled activities on campus such as Aggieland Saturday, Transfer Information Day, Freshman Information Day, Stars Camp and the Summer Fun with Recruiters event at which students and their families can learn more about our undergraduate academic programs, scholarship opportunities, and career paths followed by recent graduates from our Department. The Department also participates in the College of Agriculture and Life Sciences Recruiting Council which is designed to help coordinate recruitment efforts.

Undergraduate majors upon graduation seek employment in a wide variety of opportunities while others continue their education or enter the military.

Enrollment

Figure U.1 – Total Fall Enrollment  Total enrollment declined from a peak of 848 undergraduates in 1999 to 496 students in 2005, a drop of approximately 42%.  Total enrollment has increased steadily since 2005 until Fall 2011 where enrollment dropped from 716 to 695 undergraduate students.  Some of the enrollment changes are the result of strategic decisions such as stronger increased transfer requirements, revised degree options, etc. to manage student numbers.  The decline in Fall 2011 is attributed to a number of factors, including raising the minimum GPR for AGEC students from 2.5 to 2.75 on a 4.0 scale. Students are also required to have, at minimum, a 2.75 GPR on all Table 1, Track E (found in the University's Undergraduate Catalog) priority courses attempted. The new admission policy also requires students to have completed MATH 141 and MATH 142 and at least six hours in ACCT 209 (for AGEC majors) or ACCT 229 (for AGBU majors), ACCT 210 (for AGEC majors) or ACCT 230 (for AGBU majors), ECON 202, ECON 203, and AGEC 105. Finally, students are expected to explain in an essay why they want an AGEC or AGBU degree and how this degree will help them reach their career goals.

Figure U.2 – Total Fall Enrollment by Degree Program

 Total enrollment in the AGBU degree program exceeded the AGEC degree program during 1999–2001, but fell sharply during the 2002–2006 period.  Total enrollment in the Fall 2011 semester consisted of 398 majors in the AGEC degree program and 297 majors in the AGBU program, down 1.5% and 4.8% respectively from one year earlier.

Table U.1 – Department Undergraduate Headcount  First-time transfer students into the undergraduate program constitute a larger contribution to the Department’s total undergraduate student enrollment than students enrolling in our degree programs when entering college for the first time.  Of the 716 students in the Department’s undergraduate degree programs in the Fall 2010 semester, 101 students were transfer students as compared to 63 students entering the University the first time. The remainder was accounted for by seven readmitted students and 545 continuing students.  Re-admission applicants, for the most part, are students that the Department has dismissed because of poor grade performance or students from other majors that were dismissed for similar reasons. Students with poor grade performance would not normally meet our admission GPR requirement of 2.75, therefore, not be accepted for re-admission.

Figure U.1. Total Fall Undergraduate Enrollment Source: Office of Institutional Studies and Planning

Figure U.2. Fall Enrollment by Degree Program Source: Office of Institutional Studies and Planning

Table U.1. Department Undergraduate Headcount

1st time in 1st time Semester College transfer Readmitted Continuing Total Fall 2005 59 53 3 381 496 Spring 2006 1 45 2 448 496 Fall 2006 79 60 3 381 523 Spring 2007 2 43 3 479 527 Fall 2007 74 61 3 443 581 Spring 2008 0 42 1 533 577 Fall 2008 64 75 6 483 628 Spring 2009 0 67 3 564 635 Fall 2009 40 80 4 539 663 Spring 2010 1 71 2 582 656 Fall 2010 63 101 7 545 716 Spring 2011 3 51 2 675 731 Fall 2011 55 53 8 579 695 Source: Office of Institutional Studies and Planning; based on official headcount as of 12th day of class

Demographics

Figure U.3 – Five-year Degree Profile by Gender – Both Degree Programs  Of the 167 students who graduated with either an AGBU or AGEC degree during the 2005–2006 academic year, 104 students, or 63%, were male, and the remaining 38% were female.  The balance between male and female students changed significantly for the last three years for which data is available.  Of the 225 students who graduated with either an AGBU or AGEC degree during the 2009–2010 academic year, 164 students, or 73%, were male, and the remaining 27% were female.

Figure U.4 – Five-year Degree Profile by Gender by Degree Programs  The greatest growth in numbers of undergraduate degree graduates is in the AGEC degree, where the number of male graduates increased from 69 students in 2005–2006 to 112 students in 2009–2010.  Male AGEC majors accounted for approximately one-half of all undergraduate students graduating from the Department in 2009–2010.  The second greatest growth in numbers of undergraduate degree graduates is in the AGBU degree, where the number of male graduates increased from 35 students in 2005–2006 to 52 students in 2009–2010.  The 30 female AGBU majors graduating from the Department in 2009–2010 represented an increase over the 17 students graduating in 2005–2006.  Female AGEC majors graduating from the Department in 2009–2010 fell to 31 students as compared to 46 students in 2005–2006.

Table U.2 – May 2011 Undergraduate Degree Recipient Survey Demographics  Male students graduating in May 2011 accounted for 64% of total undergraduate degrees awarded by the Department, with female students accounting for the remaining 36%.  Caucasian students graduating in May 2011 accounted for 93% of total undergraduate degrees awarded by the Department. Hispanic students accounted for 5%. Asian/Pacific Islanders accounted for less than 2%, and African American students accounted for less than 1%.

Figure U.3. Five-year Degree Profile by Gender, Both Degree Programs Source: Office of Institutional Studies and Planning

Figure U.4. Five-year Degree Profile by Gender Source: Office of Institutional Studies and Planning

Table U.2. May 2011 Undergraduate Degree Recipient Demographics

AGEC % AGBU % Total % Gender Male 51 65.4 36 62.1 87 64.0 Female 27 34.6 22 37.9 49 36.0 Total 78 58 136

Race Caucasian 72 92.3 54 93.1 126 92.7 African American 1 1.3 0 0.0 1 0.4 Hispanic 5 6.4 2 3.5 7 5.2 Asian/Pacific Islander 0 0.0 2 3.5 2 1.5 Total 78 58 136 Source: Undergraduate Office, Department of Agricultural Economics

Courses Taught A complete list of the undergraduate courses taught by AGEC can be found in Appendix U.8.

Table U.3 – History of Courses Taught by Student Enrollment  The Department offers a diverse set of courses, some of which are required by the two undergraduate degree programs and some courses that are either directed or general electives.  There is a large variability in course enrollment.  Some courses like AGEC 105 Introduction to Agricultural Economics are taken by majors and non-majors. AGEC 105 is a service course for many other departments in COALS and also represents a social science elective for students in other colleges.  Many 400-level courses serve as capstone courses required under the Department’s two degree programs.

Table U.4 – Semester Hours Taught by Rank  The vast majority of the undergraduate courses taught in the Department are taught by full professors.  The relatively few undergraduate courses taught by assistant and associate professors reflect the relatively small number of faculty members in this rank.

Table U.5 – Course Enrollment by Major, 2010–2011 Academic Year  The Department offers an important service to non-majors.  Enrollment in AGEC 105 during the 2010–2011 academic year shows that non- majors represent the majority of students enrolled in this course.  Of the 473 students enrolled in AGEC 105 in the Fall 2010 semester, 323 students (69%) were non-majors.  The largest enrollments in courses offered by the Department are courses taken by majors and non-majors; principally AGEC 105 (Introduction to Agricultural Economics), AGEC 314 (Marketing Agricultural and Food Products), AGEC 315 (Food and Agricultural Sales), AGEC 330 (Financial Management in Agriculture), and AGEC 340 (Agribusiness Management).

Degrees Awarded

Figure U.5 – Graduation of Undergraduate Students by Major  The number of undergraduate students graduating from the Department has increased from 172 students in the 2005–2006 academic year to 241 students in the 2010–2011 academic year.  152 of the students (63%) graduating in the 2010–2011 academic year were AGEC majors.  The increase in graduation numbers after 2006–2007 may be due in part to the 2005–2006 change in hours required by Department degree programs from 132 hours to 120 hours.

Table U.6 – Six-year Major Graduation Rates for First Time in College Students  This table documents the number of first-time students retained within their initial major in the Department and graduating with an undergraduate degree within six years from the time they entered.  The number of students in this table is low because most of the Department's majors are transfer students from off-campus locations or other departments on campus as opposed to students declaring AGEC or AGBU in their freshman year (see Table U.1).  Within the context of this analysis, the percent of first-time students entering with a major in the Department graduating within six years is higher than for the University as a whole.  Approximately one-half of the students starting out as freshmen in 2004 graduated within six years as a major in the Department as compared to roughly one-third campus-wide.

Table U.3. History of Courses Taught by Student Enrollment

Course Number Course Title 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11 105 Intro to Agricultural Economics 963 1139 1088 1003 918 871 798 217 Fund of Ag Econ Analysis 149 178 204 223 250 279 326 314 Mktg Agri Products 329 340 299 404 399 345 405 315 Food & Agri Sales 264 363 273 338 327 318 328 317 Quant Anlys in Ag Econ 161 170 168 179 208 253 246 325 Farm & Ranch Mgt 40 28 46 41 55 51 38 330 Intro to Ag Finance 355 332 288 276 299 292 323 340 Agribusiness Management 1 403 569 478 437 437 449 500 344 Food & Agricultural Law 2 122 105 100 93 75 96 76 350 Environ/Resource Econ 125 129 108 101 100 109 110 402 Srvy Intl Agec Stdy Abrd 11 11 10 7 17 413 Agri Cooperatives 85 44 24 31 34 38 61 414 Agri Mktg Analysis 50 51 43 58 50 84 199 415 Food Agbu Strat Mkt Plan 18 422 Land Economics 177 166 170 180 178 174 179 424 Rural Entrepreneurship I 20 53 71 88 89 99 90 425 Rural Entrepreneurship II 3 12 18 14 11 11 12 22 429 Agricultural Policy 235 203 173 213 234 259 324 430 Macroeconomics of Agri 75 71 81 83 103 114 163 431 Cases in AgBus Finance 52 50 46 41 62 84 79 432 Rural Real Est & Finc Analysis 4 37 68 72 72 93 63 32 434 Rural Finc Mkts & Plan 5 45 440 Econ of Agribusiness 48 50 44 59 60 80 91 447 Agricultural Prices 95 64 39 41 29 36 27 448 Ag Commodity Futures 31 22 40 43 58 60 452 Internl Trade & Ag 57 91 91 95 77 81 80 453 International Agbu Mktg 48 55 77 96 83 83 83

Course Number Course Title 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11 460 Cross-Cutting Issues Ag Ec 15 481 Seminar 162 174 177 183 183 216 243 484 Internship 21 14 16 19 20 27 39 485 Directed Studies 67 28 12 11 23 18 38 489 Special Topics in 49 10 88 56 141 66 Source: Office of Institutional Studies and Planning; October 17, 2011 1 Originally taught as Environment of Agbus 2 Originally taught as Agricultural Law 3 Originally taught as Farm & Ranch Management 4 Originally taught as Farm & Ranch Appr & Org 5 New course; originally taught as AGEC 489

Table U.4. Semester Credit Hours Taught by Instructor’s Rank

Associate Assistant Assistant GAT Rank Professor Professor Professor Lecturer Visiting Other Lecturer Fall 2008 100 level 696 0 405 0 0 0 297 200 level 0 0 0 414 0 0 0 300 level 1515 0 120 0 0 684 426 400 level 763 72 75 0 0 1275 0 Spring 2009 100 level 849 0 300 0 0 0 0 200 level 0 0 0 336 0 0 0 300 level 2028 0 0 474 0 0 0 400 level 1407 0 447 0 0 0 0 Fall 2009 100 level 1125 0 246 0 0 0 0 200 level 0 0 0 441 0 0 0 300 level 1149 28 0 0 0 53 0 400 level 1065 26 111 0 444 30 0 Spring 2010 100 level 0 0 369 0 0 0 0 200 level 0 0 0 396 0 0 0 300 level 1725 0 0 0 0 0 303 400 level 1311 288 87 0 0 0 0 Fall 2010 100 level 0 0 762 0 0 657 0 200 level 0 0 0 561 0 0 0 300 level 2268 0 108 0 0 1371 0 400 level 1032 216 0 0 648 804 0 Spring 2011 100 level 564 0 411 0 0 0 0 200 level 0 0 3 417 0 0 0 300 level 1836 0 0 0 99 14 429 400 level 2892 297 426 0 3 2 0 Source: Office of Institutional Studies and Planning The Other category includes professional staff non-faculty and graduate teaching assistants (GATS).

Table U.5. Undergraduate Enrollment by Major, 2010–2011 Academic Year

Course Fall 2010 Spring 2011 Number Course Title: AGEC AGBU Other Total AGEC AGBU Other Total 105 Intro to Agri Econ 63 87 323 473 43 31 251 325 217 Fund of Ag Econ Analysis 101 84 2 187 81 57 1 139 314 Mktg Agri Products 97 4 94 195 73 3 57 133 315 Food & Agri Sales 47 2 63 112 78 6 72 156 317 Quant Anlys in Ag Econ 86 47 1 134 63 46 2 111 325 Farm & Ranch Mgt 12 0 25 37 330 Intro to Ag Finance 72 1 52 125 95 1 47 143 340 Agribusiness Management 55 51 106 212 71 58 89 218 344 Food & Agricultural Law 19 1 9 29 36 0 10 46 350 Environ/Resource Econ 11 1 22 34 45 0 29 74 413 Agri Cooperatives 43 8 10 61 415 Food Agbu Strat Mkt Plan 14 3 1 18 422 Land Economics 80 1 16 97 67 0 14 81 424 Rural Entrepreneurship I 88 1 1 90 425 Rural Entrepreneurship II 20 2 0 22 429 Agricultural Policy 111 85 20 216 70 33 4 107 434 Rural Finc Mkts & Plan 30 14 1 45 447 Agricultural Prices 23 0 1 24 448 Ag Commodity Futures 54 3 2 59 452 Internl Trade & Ag 60 13 7 80 453 International Agbu Mktg 63 9 9 81 460 Cross-cut Issues in Ag Econ 11 4 0 15 484 Internship 3 1 0 4 7 6 1 14 485 Directed Studies 4 1 1 6 9 9 1 19 481 Research 1 1 3 3 489 Personal Financial Planning 43 2 45 Source: Office of Institutional Studies and Planning

160 140

120 100 80 AGEC 60 AGBU Number Students Number of 40 20 0 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 Year

Figure U.5. Graduation of Undergraduate Students by Major Source: Office of Institutional Studies and Planning

Table U.6. Six-year Major Graduation Rates for First Time in College

AGEC All Department Departments 2002–2008 Cohort 84 6,949 Graduation 37 2,427 Percent of cohort 40.0% 34.9%

2003–2009 Cohort 85 6,726 Graduation 44 2,442 Percent of cohort 51.8% 36.3%

2004–2010 Cohort 69 7,069 Graduation 34 2,356 Percent of cohort 49.3% 33.3% Source: Office of Institutional Studies and Planning

Trends in Undergraduate Student Credit Hours

Figure U.6 – Undergraduate Student Credit Hours – Both Degree Programs  Student credit hours (SCH) numbers over the 2003–2004 to 2010–2011 period were higher in the fall semester than the spring semester.  Total SCH numbers for the entire academic year increased from 13,219 in 2003–2004 to 17,192 in 2010–2011.  SCH levels for the summer semester have fallen from 8.4% of the total academic year in 2003–2004 to 5.4% in 2010–2011.

Annual Undergraduate Student Enrollment by Course and Semester

Table U.7 – Annual Undergraduate Student Enrollment  The numbers of major and non-major students enrolled in undergraduate courses offered by the Department are highest for the 100 and 200 level courses.  AGEC 105 is typically offered in all three semesters during the academic year, and satisfies the requirements for a University-wide social science elective.  Many of the 400 level courses are capstone courses required by either the AGEC or AGBU degree programs.

Figure U.6. Undergraduate Student Credit Hours, Both Degree Programs Source: Office of Institutional Studies and Planning

Table U.7. Annual Undergraduate Student Enrollment

AGEC Fall Spring Sumr Fall Spring Sumr Fall Spring Sumr Fall Spring Sumr Fall Spring Sumr Fall Spring Sumr Fall Courses 2005 2006 2006 2006 2007 2007 2007 2008 2008 2008 2009 2009 2009 2010 2010 2010 2011 2011 2011 105 659 411 70 554 430 106 578 351 74 432 385 70 449 369 43 510 320 417 217 89 89 121 83 130 93 138 113 146 130 207 130 150 314 169 125 45 136 117 53 191 183 33 205 159 36 199 121 34 206 135 75 180 315 152 211 134 139 136 141 61 136 136 53 126 133 55 128 147 59 133 317 104 50 16 80 88 101 78 124 84 145 107 140 121 187 325 28 46 41 56 51 38 330 172 102 48 137 93 58 135 105 36 165 95 39 152 99 39 140 143 56 140 340 390 274 48 267 274 58 287 164 36 309 165 39 297 163 39 306 218 56 258 344 54 51 40 60 46 47 30 45 40 55 40 47 23 350 61 68 49 59 32 69 40 60 48 60 50 72 55 402 11 413 44 24 31 34 38 64 56 414 25 26 22 21 28 30 17 33 37 47 45 47 34 415 18 422 95 72 103 67 117 63 102 76 97 75 100 81 88 424 53 71 88 89 98 100 118 425 18 14 11 11 11 22 429 82 81 41 94 78 128 85 142 92 148 109 200 104 183 430 71 81 83 21 82 33 80 50 118 51 431 24 27 24 22 41 24 38 36 48 45 47 28 432 68 72 72 15 78 12 50 32 434 39 36 60 45 440 20 31 15 29 22 37 25 35 36 43 45 51 32 447 20 44 39 41 29 35 25 32 448 22 40 43 58 60 452 91 91 95 77 82 83 90 453 55 77 96 83 83 83 98 460 15 481 85 89 84 93 90 93 91 92 101 112 140 140 142 484 7 6 485 5 4 489-Sp Tp 15 63 25 42 39 489-NAMA 18 10 17 489-Quiz Bowl 13 10 16 10

Courses Taught by Instructor

Table U.8 – Enrollment in Undergraduate Courses by Instructor 2009–2011  Many of the Department’s undergraduate courses are taught in multiple sections each semester.

Table U.9 – Undergraduate Courses Met by Instructor During 2009–2011  The majority of the courses taught at the undergraduate level during the Fall 2009– Fall 2011 period (57.3%) were taught by full professors.  This information is not available prior to Fall 2009.  Approximately 14% of the undergraduate courses were taught by lecturers or GAT's.  Undergraduate courses taught by faculty members who have either retired, have announced retirement at the end of this academic year, have resigned, or have indicated plans to resign, totaled 16.5%.  The remainders of the undergraduate courses (12.2%) were taught by either associate or assistant professors.

Course Evaluations

Figure U.7 – Undergraduate Course Evaluations  On a five-point scale (one being the lowest and five the highest), the Department’s average course evaluation is 4.36 for all questions.  100 and 200 level course average evaluation is 4.33; for 300 level courses the average is 4.41; and for 400 level courses the average is 4.26.  No statistical differences are seen between the different course levels.

Honors Program

The Department recently added honors courses to be offered for qualified, academically talented, and highly motivated students. An honors student’s college experience is enriched by following a challenging curriculum, engaging in inquiry-based learning, and discovery. Honors class sizes are usually small. Students get an opportunity to develop problem solving and critical thinking skills.

There were two honors section courses offered during the Spring 2011 semester. AGEC 217 Honors had two students and AGEC 350 Honors had one student. Additional honors sections were offered in the Fall 2011 semester. AGEC 105 Honors had 11 students. AGEC 217 Honors had two students, and AGEC 350 Honors had one student.

In addition to satisfying the requirements for the Agricultural Economics or Agribusiness majors, honors students must maintain a cumulative Texas A&M University GPR of at least 3.50, a GPR in honors classes of at least 3.25, and no grade in an honors course below a “C.” An honors candidate is a student who has a 3.5 cumulative GPR and has completed at least nine hours of honors course work in residence at Texas A&M University. Only honors candidates are eligible for honors course contracts or honors independent study. Honors students must engage in experiential education, particularly in research and paper presentations at professional meetings.

Figure U.7. Departmental Average Undergraduate Course Evaluations Semester and Course Level

Some students have been involved in the Federal Reserve District Bank of Dallas’ Undergraduate Economics Research Program..

Undergraduate Internships

Figure U.8 – Undergraduate Internship Enrollment  Annual enrollment in the Department’s internship course (AGEC 484) has increased in recent years.  Undergraduate internships represent supervised experience programs conducted in the area of the student’s interest in agricultural economics and agribusiness.  Typically students are located in either agribusiness firms or government offices.  To receive internship credit, students with between 30 and 59 credit hours must o Have at least 12 hours completed at Texas A&M University. o Have completed AGEC 105, ECON 202 or 203, MATH 141, MATH 142, AGEC 217, and ACCT 209 or 229. o Sophomores (30–59 credit hours) must have a minimum GPR (overall, in major and CBK courses if applicable) of at least a 2.75. o Juniors and seniors (60 or more credit hours) must have a minimum GPR (overall, in major and CBK courses if applicable) of at least a 2.5.  Thirty-nine students participated in internship programs during the 2010–2011 academic year.

Table U.8. Enrollment in Undergraduate Courses by Instructor, 2009–2011

Course Fall Spring Summer Fall Spring Summer Fall Number Course Title Instructor 2009 2010 2010 2010 2011 2011 2011 105 Intro to Agri Econ Mjelde 131 189 Lard 240 Dunn 82 125 11 Capps 241 220 232 Power 100 Ishdorj 22 130 137 127 Higgins 43 Zhang 68 217 Fund of Ag Econ Anal Menzies 45 49 44 49 36 Menzies 52 43 49 52 43 Menzies 53 38 53 38 42 Menzies 41 29 314 Mktg Agri Products Campbell 66 Higgins 57 77 76 77 66 Higgins 42 46 56 75 54 Park 67 75 60 Dharmasena 34 315 Food & Agri Sales Litzenberg 61 69 54 53 76 35 65 Litzenberg 67 65 60 81 68 317 Quant Anlys Ag Econ Capps 80 80 72 Capps 66 55 66 Bessler 47 78 Bessler 58 Zhang 33 49 325 Farm & Ranch Mgt Conner 48 38 330 Intro to Ag Finance Klinefelter 76 125 140 Klinefelter 77

Course Fall Spring Summer Fall Spring Summer Fall Number Course Title Instructor 2009 2010 2010 2010 2011 2011 2011 Deaton 46 39 Deaton 50 Sanchez 143 55 340 Agribusiness Mgmt 1 Siebert 70 62 69 63 109 71 174 Siebert 71 82 76 109 84 Siebert 74 75 344 Food & Ag Law 2 Boadu 40 55 29 47 23 350 Environ/Resurce Econ Shaw 67 Woodward 48 74 55 Newburn 36

402 Srvy IntlAgec Stdy Abrd Vedenov 7 17 413 Agri Cooperatives Park 38 61 56 414 Agri Mktg Analysis Higgins 37 42 34 Vedenov 47 32 Vedenov 15 Food & Agbus Strategic 415 Higgins 18 Market Planning 422 Land Economics Newburn 72 81 Nelson 67 98 88 Nelson 32 424 Rural Entrep I Rister 99 90 118 425 Rural Entrep II 3 Rister 12 22 429 Agricultural Policy Outlaw 149 216 183 Williams 105 108 430 Macroeconomics of Agri Penson 33 80 45 118 51 431 Cases in AgBus Finance Salin 36 32 28 Vedenov 48 Leatham 47

Course Fall Spring Summer Fall Spring Summer Fall Number Course Title Instructor 2009 2010 2010 2010 2011 2011 2011 432 Rural RE & Finc Anl 4 Lard 12 Leatham 51 32 434 Rural Financial Mkts 5 Penson 60 45 440 Econ of Agribusiness Ng 37 43 40 51 32 447 Agricultural Prices Fuller 36 27 Bessler 32 448 Ag Commodity Futures Woodard 57 60 452 Internl Trade & Ag Rosson 82 80 90 453 International Agbu Mktg Rosson 83 83 98 Cross-cutting Issues in 460 Siebert 15 Ag Econ 481 Seminar Siebert 102 114 133 140 142 489 Special Topics in Nelson 63 21 39 Higgins 18 Source: Office of Institutional Studies and Planning 1 Originally taught as Environment of Agbus 2 Originally taught as Agricultural Law 3 Originally taught as Farm & Ranch Management 4 Originally taught as Farm & Ranch Appr & Org 5 Originally taught as Special Topics

Table U.9. Undergraduate Course Sections Met By Instructor, 2009–2011

Faculty Member No. Sections Faculty Member No. Sections Full Professor Assistant Professor Siebert 19 Ishdorj 4 Litzenberg 12 Dunn 3 Capps1 9 Zhang 2 Nelson 7 Total 9 Penson 7 Rosson 6 Other Boadu 5 Menzies 17 Rister 5 Deaton 3 Klinefelter 4 Sanchez 2 Woodward 3 Campbell 1 Bessler 3 Dharmasena 1 Leatham 3 Total 23 Outlaw 3 Park 3 Retired/Resigned Mjelde 2 Higgins 15 Williams 2 Newburn 3 Shaw 1 Woodard 2 Total 94 Conner 2 Fuller 2 Associate Professor Lard 2 Ng 5 Power 1 Vedenov 3 Total 27 Salin 3 Total 11 1) Appointment changed to Executive Professor caused University to consider in other category.

Source: Department of Agricultural Economics

Figure U.8. Annual Internship Enrollment Source: Department of Agricultural Economics

International Education Programs (Study Abroad)

Student enrollment in AGEC 402 includes the study abroad program. The number of students enrolled in this course has increased in recent years as shown in Table U.8. During the 2010– 2011 academic year, 17 undergraduate students participated in a study abroad program involving a trip to France to visit with local agribusiness and producers of a wide variety of agricultural products.

Scholarship Opportunities

Until the 2011–2012 academic year, the Department annually awarded approximately $50,000 in scholarships per academic year. However, because of the downturn in the economy which significantly lowered interest rates, we were only able to award $36,525 in scholarships for the 2011–2012 academic year. These scholarships are funded through several different sources, including, but not limited to: (1) former student contributions; (2) family and friends memorializing a loved one; (3) former faculty members; (4) industry sources recognizing contributions made by a faculty member; and (5) industry sources wanting to contribute to the development of the undergraduate students in the Department. Most contributions are made as an endowment; although in some instances, the scholarships are funded on an annual basis by the benefactor.

These scholarships are awarded on a competitive basis. Factors considered include the student's GPA, his or her choice of major and option with major, participation in extracurricular activities, and financial need.

Undergraduate Student Awards

The Department’s undergraduate students have received significant recognition in competition with other schools at professional meetings. These activities include participation in academic bowl and student paper and poster competitions. Appendices U.9 through U.14 summarize the names of winners in several national competition forums as well as national offices held by our undergraduate students. While student participation in student paper and presentation competition has been irregular over time, participation in academic bowl has been almost an annual event with teams winning or placing against other schools in national competition. Undergraduate students have also successfully competed in National Agri-Marketing Association Student Marketing Competition and the Food Distribution Research Society Food Marketing Challenges.

Undergraduate Advising

The Department’s Undergraduate Office advising staff counsels students in the degree requirements for both AGEC and AGBU degree programs. The staff has contributed to an enhanced web presence and responds to increased e-mail, telephone, and office visit queries by interested students, all of which has resulted in enrollment of high potential students. Recent innovations include a student database, early development of individualized degree plans, and enhanced collaboration with the University Career Center. Undergraduate Organizations

Four organizations in the Department are available to undergraduate students to hone their leadership skills; network with other students, faculty, and potential employers; and socialize:

Agricultural Economics Society (AES) Finance, Insurance, and Real Estate (FIRE) National Agri-Marketing Association (NAMA) Aggie REPS

The first three are clubs which hold monthly meetings and work with the Department’s undergraduate office to host the Spring Undergraduate Banquet.

The Department’s Aggie REPS (Recruiting Exceptional Prospective Students) is a select group of 10–20 students who concentrate on recruitment, new student orientation, student mentoring, Department/campus tours, and student-to-faculty communication. Included in their activities is reaching out to a broad spectrum of students interested in becoming students at Texas A&M University. They appear at Aggieland Saturday, 4-H Roundup, and the San Antonio Livestock Exposition’s Rural Youth Banquet. They also host the Fall Kickoff for all returning and new undergraduate students, our faculty, staff, and sponsoring former students.

Agricultural Economics Degree Program

Agricultural Economic majors may specialize in one of four options: (1) Finance and Real Estate, (2) Food Marketing Systems, (3) Policy and Economic Analysis, or (4) Rural Entrepreneurship. Each option is designed to meet the career interests of students in this degree program.

Finance and Real Estate – This option provides those students interested in pursuing careers in the either the banking or real estate industry tools for understanding issues unique to lending, real estate appraisal, real estate investment, development, and brokerage. Students enrolled in this option develop an in-depth knowledge of financial management tools, the demand and supply of credit, how land is valued, and how it is transacted.

Food Marketing Systems – This option provides those students interested in pursuing careers in the food marketing and sales sector of the food supply industry tools for understanding issues unique to the development, advertising, distribution, and sales of food products. Students enrolled in this option develop an in-depth knowledge of how food is priced, traded, and sold, both in the United States and abroad.

Policy and Economic Analysis – This option provides students interested in pursuing graduate or law degrees, as well as, careers in local, state, and federal government and policy the tools for understanding the issues unique to in-depth examination of government policies and the economy. Students enrolled in this option gain an understanding of what being involved in research, the legal profession, and the government entails.

Rural Entrepreneurship – This option provides students with an interest in owning, managing, or lending to rural, innovative business enterprises the tools for understanding the issues unique to the start-up of rural, innovative businesses. This option integrates the technical skills required for involvement in the rural business industry with application-based experience provided by the program's capstone courses. During the final year of this option, each student will incorporate the interdisciplinary background gained in the previous years of study into the development of a rural business plan.

The AGEC degree program offers a Certificate in International Trade and Agriculture that is open to all majors. This certificate requires a minimum of 15 credit hours in designated courses.

The Department has also been exploring plans to integrate financial planning into the AGEC curriculum. Student interest in the special topics course AGEC 489 Personal Financial Planning for Professionals suggests an interest in this area by AGEC majors. A proposal has been submitted to assign a permanent course number after the spring 2012 semester (AGEC 435). The Finance Department in Mays Business School offers a personal finance course as shown in the current Texas A&M Undergraduate Catalog (FINC 201) that has not been taught for an extended number of years. The vision for a proposed certificate in financial planning was discussed at the Department level in September 2011. This will require additional courses taught in our Department to meet the minimum 15 credit hours in upper division coursework.

Enrollment Figure U.2 – Total Fall Enrollment by Degree Program  Enrollment in the AGEC degree program in the Fall 2011 semester was 398 students, down slightly from the 404 students enrolled one year earlier, but up from the 286 students enrolled in the Fall 2004 semester.  The initial popularity of the AGBU degree program resulted in a decline in AGEC enrollment.  The relative flexibility in course electives offered under the AGEC degree program appears to have led to more enrollment in this program relative to the AGBU degree program in recent years.

Demographics Figure U.4 – Five-year Degree Profile by Gender and Degree Program  Of the 143 undergraduate students graduating with an AGEC degree during the 2009– 2010 academic year, 112 students (78%) were male and 31 students (22%) were female.  This distribution differs sharply from the 2005–2006 academic year when 69 students (60%) were male and 46 students (40%) were female.

Table U.2 – May 2011 Undergraduate Survey Demographics  The Department’s survey of May 2011 graduates with a major in AGEC reflected 51 male students (65%) and 27 female students (35%).  This survey also indicated that 93% of the undergraduate students graduating with an AGEC degree were Caucasian while the remaining graduates were either African American (1%) or Hispanic (6%). Undergraduate Degree Profile by Options Table U.12 – Six-year Undergraduate Degree Profile  The Finance and Real Estate Option in the AGEC degree program has the greatest enrollment. Of the 152 undergraduate students graduating with an AGEC degree in the 2010–2011 academic year, 54% chose the Finance and Real Estate Option.  The AGEC degree gained enrollment when the Department’s undergraduate degrees were scaled back from 132 hours to 120 hours necessary to graduate in 2005. The perceived greater degree of flexibility in choosing electives relative to the AGBU degree may have influenced this trend.  The Food Marketing System Option was second in terms of number of students graduating with an AGEC degree, followed by the Policy and Economic Analysis Option and the Rural Entrepreneurship Option.

Assessment of Student Learning Outcomes Table U.13 – AGEC Learning Outcomes Assessment  Learning assessments were instituted for all academic degree programs beginning with the 2009–2010 academic year.  Those targets not met for the undergraduate AGEC degree during the 2009–2010 academic year were associated with graduate job placement and basic quantitative knowledge.

Degrees Awarded Table U.12 – Six -year Undergraduate Degree Profile  The number of AGEC degree majors graduating has grown from 115 in the 2005– 2006 academic year to 152 during the 2010-2011 academic year.  Roughly 54% of the AGEC majors graduating in 2010–2011 chose the Finance and Real Estate Option. Approximately 30% of AGEC majors graduated with the Food Marketing Systems Option, 14% graduated with the Policy and Economic Analysis Option, and 2% graduated with the Rural Entrepreneurship Option.  The 152 students graduating with an AGEC major constituted 63% of all undergraduate students graduating during the 2010–2011 academic year.

Agribusiness Degree Program

The undergraduate degree in Agribusiness is jointly offered by the College of Agriculture and Life Sciences and Mays Business School. The degree program was approved by the Texas Higher Education Coordinating Board in 1992. There is an implicit agreement with the Mays Business School that total enrollment in the AGBU undergraduate degree program will not exceed 400.

There is also an informal agreement that the Department will not function as a “back door” into the Mays Business School. Students whose applications are declined by Mays Business School are not accepted into the Department. That is, the focus on recruiting and enrolling students in the AGBU undergraduate degree program is to identify those interested in one or more dimensions of the agribusiness food supply chain.

The Department’s AGBU majors are required to complete three Agribusiness capstone courses (AGEC 431 Cases in Agribusiness Finance; AGEC 440 Agribusiness Strategic Analysis; and AGEC 414 Agribusiness Market Analysis) and AGEC 340 Agribusiness Management, which all rely on the use of real-world business situations or business cases for developing students’ qualitative decision-making skills. This blend of quantitative, qualitative, and soft management skills is very important in distinguishing the Department’s AGBU graduates from other economics and business undergraduate programs.

Table U.12. Six-year Undergraduate Degree Profile

All Academic AGEC AGBU Degree Year FRE % FMS % PEA % RUE % Other 1/ % Total Total Total 2005–06 37 32.2 19 16.5 8 7.0 12 10.4 39 33.9 115 57 172 2006–07 50 52.1 21 21.9 9 9.4 10 10.4 6 6.3 96 43 139 2007–08 77 64.7 23 19.3 12 10.1 5 4.2 2 1.7 119 62 181 2008–09 80 60.6 36 27.3 10 7.6 4 3.0 2 1.5 132 62 194 2009–10 92 64.3 36 25.2 11 7.7 4 2.8 0 0.0 143 86 229 2010–11 82 54.0 46 30.3 21 13.8 3 2.0 0 0.0 152 89 241

FRE – Finance and Real Estate Option FMS – Food Marketing Systems Option PEA – Policy and Economic Analysis Option RUE – Rural Entrepreneurship Option

Source: Office of Institutional Studies and Planning Other 1/ Includes students in old options. The large value in 2005–2006 includes 37 students in the Food and Fiber Marketing option (phased out by 2009–2010).

Table U.13. AGEC Undergraduate Degree Learning Assessment Outcomes

Learning Outcome 2009–10 Cycle 2010–11 Cycle 1. Applied economics reasoning a. Academic scores Met Met b. Graduates' job placement Not met 1 Met c. Advanced economic writing NR NR d. Basic quantitative knowledge Partially met 2 NR e. Advanced application of quantitative methods NR NR

2. Effectively communicate a. Academic scores Met NR b. Senior exit review NR NR c. Basic professional writing NR NR d. Advanced economic writing NR NR

3. Demonstrate professionalism a. Senior exit interview NR NR b. Graduates' job placement NR NR c. Diversity and ethics appreciation Met NR

4. Recognize and respect diversity and differences a. Senior exit review NR NR b. Basic professional writing NR Met c. Diversity and ethics appreciation Met Partially Met 3

Note: NR stands for “Not reported in this cycle." Targets and sources of evidence to be assessed are identified. 1 Action Plan: The target calls for the majority of graduates to find jobs within three months of graduation. The Department will work with students to encourage purposeful career planning and dedication to an effective job search process. In addition, the Department will improve information and tracking of employment status of former students, especially those who are actively in the job market. 2 Action Plan: The target calls for at least 80% of sampled student work to be rated as acceptable by the Program Assessment Committee. Considerable variation in student performance was found in the sample examined during this cycle. In coordination with instructors of AGEC 317, the delivery of extended practice opportunities through eLearning and alternative approaches will be employed. 3 Action Plan: Funds were budgeted for recruitment of under-represented groups tied to Blinn College’s diversity efforts. Due to state-level budget cuts, Blinn College has slowed its implementation of their diversity program. No students from Blinn College’s program have joined our Department to date. The action plan from the last cycle remains in place.

AGBU majors, in addition to having a cumulative GPR of 2.0 and the minimum 2.0 GPR in the “major field,” must also have at least a GPR of 2.0 in the Common Body of Knowledge courses.

The AGBU degree program offers three certificate programs available only to AGBU majors (see Appendix U.7). These include certificates in International Business, European Union Business, and Latin American Business. Depending on the certificate, students must complete 18–21 hours of coursework which includes an approved international work or study abroad. Demonstrated language proficiency is required for the latter two certificates.

Enrollment Figure U.2 – Total Fall Enrollment by Degree Program  Enrollment in the AGBU degree program in the Fall 2011 semester was 297 students, down slightly from the 312 students enrolled one year earlier, but up from the 229 students enrolled in the Fall 2004 semester.  The initial popularity of the AGBU degree program declined from a peak of 460 students in 1999.  The relative lack of flexibility in course electives offered under the AGBU degree program may have led to lower enrollment in this program relative to the AGEC degree program in recent years.

Demographics Figure U.4 – Five-year Degree Profile by Gender and Degree Program  Of the 82 undergraduate students graduating with an AGBU degree during the 2009–2010 academic year, 52 students (63%) were male and 30 students (37%) were female.  This distribution is variable from year-to-year. For example, there were more female graduating students with an undergraduate AGBU major in the 2006–2007 academic year than male graduates.  There is a greater participation, percentage-wise, by female students in the AGBU degree program than in the AGEC degree program.

Table U.2 – May 2011 Undergraduate Survey Demographics  The Department’s survey of May 2011 graduates with a major in AGBU reflected 36 male students (62%) and 22 female students (38%).  This survey also indicated that 93% of the undergraduate students graduating with an AGBU degree were Caucasian while the remaining graduates were either African American (1%) or Hispanic (6%).

Assessment of Student Learning Outcomes Table U.14 – AGBU Learning Outcomes Assessment  Learning assessments were instituted for all academic degree programs beginning with the 2009–2010 academic year.  Those targets not met for the undergraduate AGBU degree during the 2009–2010 academic year were associated with graduate job placement, basic quantitative knowledge, and senior exit review.

 The job placement target calls for the majority of graduates to find jobs within three months. While this may be a reasonable target to meet under normal economic conditions, 2009 was the second year of the greatest recession since the Great Depression. With some improvement in the economy during the 2010–2011 academic year, however, this target was met.  The quantitative knowledge target, partially met during 2009–2010, was not reported for the following academic year. This target calls for at least 80% of samples work to be rated acceptable. This issue was addressed by offering extended practice opportunities and alternative approaches to assess this outcome.  The action plan for the senior exit review calls for more recognition and respect for the complexity of people’s diversity and individual differences. Insufficient information was collected to make a determination of this target in the 2009–2010 academic year.

Degrees Awarded Table U.6 – Six-year Undergraduate Degree Profile  The number of AGBU degree majors graduating from the Department has grown from 57 in the 2005–2006 academic year to 89 during the 2010–2011 academic year.  The 89 students graduating with an AGBU major constituted 37% of all undergraduate students graduating during the 2010–2011 academic year.

Table U.14. AGBU Undergraduate Degree Learning Assessment Outcomes

Learning Outcome 2009–10 Cycle 2010–11 Cycle 1. Applied economics and management reasoning a. Academic scores Met Met b. Graduates' job placement Not met 1 Met c. Advanced economic writing Met Met d. Basic quantitative knowledge Partially Met 2 NR e. Advanced application of quantitative methods Not reported NR

2. Effectively communicate a. Academic scores Met NR b. Senior exit review Met NR c. Basic professional writing Met NR d. Advanced economic writing NR Met

3. Demonstrate ethical awareness a. Senior exit interview Met NR b. Graduates' job placement NR NR c. Diversity and ethics appreciation NR NR

4. Recognize and respect diversity and differences a. Senior exit review Partially Met 3 NR b. Basic professional writing NR Met c. Diversity and ethics appreciation Met Partially Met 4 Note: NR stands for “Not reported in this cycle." Targets and sources of evidence to be assessed are identified. 1 Action Plan: The target calls for the majority of graduates to find jobs within three months of graduation. The Department will work with students to encourage purposeful career planning and dedication to an effective job search process. In addition, the Department will improve information and tracking of employment status of former students, especially those who are actively in the job market. 2 Action Plan: The target calls for at least 80% of sampled student work to be rated as acceptable by the Program Assessment Committee. Considerable variation in student performance was found in the sample examined during this cycle. In coordination with instructors of AGEC 317, the delivery of extended practice opportunities through eLearning and alternative approaches will be employed. 3 Action Plan: Recognize and respect the complexity of people’s diversity and individual differences. Insufficient information was collected to make a determination on this target. The faculty and administrative team will collaborate in planning for the measures to be used in assessment. 4 Action Plan: Funds were budgeted for recruitment of under-represented groups tied to Blinn College’s diversity efforts. Budget cuts have slowed Blinn College’s implementation of their diversity program. No students from Blinn College’s program have joined our Department to date.

Agricultural Economics Graduate Program Overview

Graduate students in the Department are a diverse, multicultural group. Enrollment in the graduate programs exceeds 170 students who represent more than 25 countries and more than 10 states. The percentage of students in each program is approximately 50% PhD, students, 25% Master of Science students, and 25% Master of Agribusiness students. Many of our full-time graduate students are funded through Department assistantships and scholarships, University fellowships and scholarships, and research grants. The ability of the students and quality of the program are illustrated by the number of awards received (see Appendix G.1).

The graduate programs in Agricultural Economics are administered by the Associate Head for Graduate Programs. The graduate programs in Agribusiness are administered under the Intercollegiate Faculty of Agribusiness (IFA). The chair of the IFA currently also serves as the Director of the Master of Agribusiness program.

A general overview of the graduate program is presented before discussing each program’s specifics. The 2007–2009 worldwide recession appears to have impacted the graduate program by increasing the number of graduate students.

Recruiting

The Agricultural Economics Graduate Office uses a multi-pronged approach to recruiting. With decades of graduates working in the field of agricultural economics, one of our best recruiting tools is word of mouth and recommendations from former students and colleagues. These Aggies send many of our applicants to us from all over the world.

The office also promotes its graduate program through the Departmental website and printed materials with specific information about each program along with Departmental contacts. At the annual conference for the Association of Agricultural and Applied Economics, students along with chosen faculty members recruit students who have an interest in pursuing a degree in Agricultural Economics at Texas A&M University.

Application Process

Applications to the graduate program are submitted through a state clearinghouse and are then forwarded to the Department. This site is located on www.ApplyTexas.org. In addition to the application, the Department requests that all students submit the following: a. Three letters of reference, b. Official transcripts from each school attended, c. Resume / CV, d. Statement of purpose, e. Official GRE scores, and f. Official TOEFL scores (if applicable).

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The Department uses a criterion-based evaluation system that is based to three major categories to evaluate the applications. These categories include: Past Academic Performance; Indicators of Future Success; and Experience outside the Classroom. Components of the Past Academic Performance include: GPA; quality of academic programs attended; participation in research, publications, teaching, study abroad, and conferences; and academic awards and honors. Components of Indicators of Future Success include: GRE scores; prerequisite courses; TOEFL (if applicable); statement of purpose (reasons for choosing the field, career goals); presentations: and awards and honors recognizing research quality. Lastly, experience outside the classroom encompasses internships, extracurricular activities related to agricultural economics, and work experience.

Each application packet is evaluated using these standards and a decision is made based on the score from the Departmental rubric. These decisions are then entered into the University admissions system and acceptance/denial letters are distributed. These scores are also used in assisting the Graduate Office in funding decisions.

Enrollment Table G.1 and Figure G.1 – Total Enrollment  Total enrollment shows a slight increase between 2003 and 2007.  Enrollment increased by 16–17 students in each of the years 2008, 2009, and 2010.  PhD student enrollment accounts for most of the increase.  Enrollment decreased in 2011, mainly due to a decrease in MS students.  MAB enrollment remained steady during the period.

Applications / Admissions Figure G.2 – Applicants, Admissions, and Enrollment, along with Total Enrollment  Between 2003 and 2009, newly enrolled students as a percent of total students varied between 31 and 35%.  In 2010, newly enrolled students as a percent of total students dipped to 22%, indicating students are staying in the program longer because of a failure to find employment or needing a longer time to finish.  In 2011, newly enrolled students as a percent of total students increased to 25%.  The percent of admitted students who enrolled varied between 52 and 68% during the years 2003–2008.  The percent of admitted students who enrolled dipped to below 50% in 2010 (47%) and 2011 (49%).  The percent of applicants admitted varied between 87 and 98% between 2003 and 2009.  The percent of applicants admitted dipped to 76% in 2010 and to 61% in 2011 because of a strengthening of admission criteria.

GRE and GPA – Enrolled Students

 Although there are year-to-year fluctuations, no trend was seen in either entering students' GRE scores or GPA for the years 2003 through 2011.  The average GRE score and entering GPA for newly enrolled PhD students are 1194 and 3.47.

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 The average GRE score and entering GPA for newly enrolled MS students are 1076 and 3.48.  The average GRE score and entering GPA for newly enrolled MAB students are 1067 and 3.43.

Demographics

Figure G.3 – Total International and Domestic Graduate Students  Since 2003, the program has had more international than domestic students.  The percent of domestic students was above 44% until 2009.  In 2009, the percent of domestic students fell to below 37% and has remained below 40% since.

Figure G.4 – Total Graduate Students by Gender  The number of domestic female students has been fairly constant but shows a slight downward trend.  The number of domestic male students increased in 2005 and shows a slight upward trend until 2010.  Growth in graduate student numbers is mainly from an increase in both international male and female students.  The percentage of graduate students who are male has ranged from 60% (2003) to 64% (2004).  Other demographics are not collected by the Department.

Funding

Figure G.5 – Total Graduate Student Support  Total number of students supported increased until 2010.  The number of students with some type of financial support dropped 28% between 2010 and 2011.  The numbers in the figure do not take into account funding sources or dollar amounts.

Figure G.6 – Percent of Students on Assistantship by Degree  Year-to-year variability is present but a slight downward trend is shown.  A large decrease in the number of PhD students on assistantship occurred in 2011.  This decrease in funding is a function of increasing enrollment and stagnant funding for assistantships.  Some quarter-time assistantships are given out instead of half-time assistantships.

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Table G.1. Annual Total Enrollment in Agricultural Economics and Intercollegiate Faculty of Agribusiness Graduate Programs by Fall Semester

Degree PhD PhD Year AGEC ABME MS MAB NDS Total 2003 57 37 42 1 137 2004 56 25 44 2 127 2005 63 34 39 2 138 2006 64 34 38 4 140 2007 68 40 35 4 147 2008 83 39 38 3 163 2009 89 46 45 3 182 2010 86 63 46 1 196 2011 86 1 39 49 0 174

PhD AGEC – PhD in Agricultural Economics PhD ABME – PhD in Agribusiness and Managerial Economics MS – Master of Science, both thesis and non-thesis MAB – Master of Agribusiness NDS – Non-degree seeking

Figure G.1. Annual Enrollment in Agricultural Economics Graduate Program, Fall Semester

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Figure G.2. Number of New Graduate Students that Applied, Were Admitted, and Enrolled, along with Total Graduate Student Enrollment, Fall Semesters

Figure G.3. Total Domestic and International Graduate Students Fall Semester

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Figure G.4. Number of International (I) and Domestic (D) Graduate Students by Gender

Figure G.5. Number of Graduate Students with Some Type of Financial Support, Fellowships, Scholarships, Assistantships, etc.

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Figure G.6. Percent of Students on Assistantship by Degree Courses Taught

Tables G.2 and Appendix G.2 – Courses Taught since Fall 2005  A diversity of courses is offered.  Large variability in student enrollment in the classes is evident. This variability reflects required classes, such as AGEC 621 and AGEC 622, primarily service courses (such as AGEC 603 where most students are in the Finance Department’s Master of Real Estate program), courses which include PhD and MS students, and specialized PhD courses.  A number of courses are team taught to take advantage of faculty members' expertise.  Some courses have not been taught for several semesters, indicating that they should be removed from the course roster.

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Table G.2 Number of Courses Taught by Faculty from Fall 2003 to Summer 2011 (Does not include course taught as a 685 as University records are poor.) Source: http://registrar.tamu.edu/FacultyStaff/Report/Default.aspx

Number of Number of Faculty Class Times Taught Students Abeygunawardena, P. 633 3 34 685 1 6 Total 4 40 Anderson, D. 614 8 147 Bessler, D. 607 8 139 621 7 320 676/6951 4.34 74 Total 19.34 533 Bryant, H. 6951 0.33 15 Capps, O. 635 2 32 661 4 68 671 1 16 Total 7 116 Conner, R. 659 1 13 Davis, G.2 607 1 12 635 4 62 661 1 10 Total 6 84 Dunn, R. 635 3 28 Griffin, R. 606 1 8 6361 4 109 6731 0.34 7 689 3 21 677/6951 2 20 Total 10.34 165 Heifrin2 603 1 49 Ishdorj, A. 621 1 49 Jin, Y.2 695 0.5 14 Jin,Y,/ A. Love2, 3 636 3 81 Jones, L.2 603 2 81 Jones, E. 629 8 149 625 9 204 671 1 16 Total 16 330 Lard, C.2 605 1 6 Leatham, D. 605 1 5 6711 1 16

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Number of Number of Faculty Class Times Taught Students Total 2 21 Love, A.2 618 3 21 619 1 28 672 7 88 689 1 5 Total 12 142 McCarl, B. 6221 3.5 279 641 9 146 677/6951 2.5 32 689 3 22 Total 18.0 479 Mitchell, P.2 637 1 17 Mjelde, J. 604 16 214 6221 1 86 673 0.33 7 Total 17.33 307 Nayga, R.2 695 0.33 15 Newburn, D.2 603 5 226 677/6951 0.5 7 Total 5.5 233 Ng, D. 619 6 156 6711 1 9 Total 8 165 Penson, J. 634 1 8 689 3 18 Total 4 26 Power, G.2 601 3 62 Richardson, J. 6221 9 373 643 7 77 674 1 5 685 1 8 Total 18 463 Salin. V. 619 1 30 630 5 96 Total 6 126 Shaw, D. 673 1.33 15 677/695 2 25 Total 3.33 40 Vedenov, D. 630 2 34 6711 1 9 Total 3 43

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Number of Number of Faculty Class Times Taught Students Williams, G. 652 8 91 Woodard, J.2 601 1 25 6371 1 15 Total 2 40 Woodward, R. 6371 4.5 102 673 4 25 6771 1 16 Total 9.5 143 Wu, X. 6361 1 28 6371 2.5 70 661 4 110 676/6951 1.5 34 Total 9 242 1 In team taught courses the amount of course taught is proportional to the number of instructors for that semester; however, the same number of students is given to each instructor. 2 No longer at Texas A&M University. 3 Not sure who taught what semesters.

Course Evaluations

Figure G.7 – Course Evaluations  No real trend is seen; the average over all semesters is 4.41 on a five-point scale with five being the best evaluation.  There is no statistical difference in the average course evaluations by undergraduate and graduate students.

Degrees Awarded

Figure G.8 – Degrees Awarded by Academic Year  No real trend is seen; in most years between 35–40 degrees are awarded.  The increase in degrees in 2011 is mainly caused by increase in MS degrees awarded reflecting the increase in MS enrollment.  There is slightly more variability in PhD and MS degrees awarded than MAB.  MAB averages 48% of the degrees awarded, MS 33%, and PhD 19%.

Trends in SCH, 2003–2011

Figure G.9 – Student Credit Hours by Academic Year and Degree Level  An upward trend in credit hours is seen to more than 2600 student credit hours in academic year 2010–2011.  The majority of credit hours are attributed to the master’s programs.  Unfunded credit hours were between and 70 and 100 hours until 2010–2011.  Unfunded credit hours peaked at 161 hours in 2010–2011.

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Faculty / Chair

Table G.3 – Graduate Committee Chair PhD and MS  MAB students are all advised by the Director of the MAB program and are not represented in this table.  72% of all PhD committees for students who graduated are chaired by six faculty members.  46% of all MS committees for students who graduated are chaired by six faculty members.  The percentage of committee chairs partially reflects available funding.  Two faculty members are in the top six of both PhD and MS committees chaired.  Many faculty members with research appointments are not chairing committees.

Figure G.7. Average Course Evaluations by Semester for Graduate and Undergraduate Classes (Missing data for Summer 2007)

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Figure G.8. Degrees Granted by Academic Year and Program

Figure G.9. Student Credit Hours by Academic Year and Degree Level

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Table G.3. Summary of Committee Chairs for PhD and MS Degrees, 2003–2011

Name PhD MS Bruce McCarl 15 ½ (19)1 3 (3) Oral Capps 7 ½ (8) 1 ½ (2) David Bessler 6 ½ (8) 7 (7) David Leatham 6 ½ (8) 5 (5) James Mjelde 5 (5) 5 ½ (6) James Richardson 4 ½ (5) 13 ½ (14) Rudolfo Nayga, Jr. 2 2 ½ (4) 4 (4) Richard Woodward 2 (4) Ximing Wu 3 ½ (4) George Davis 2 1 ½ (2) 1 (1) Desmond Ng 1 (1) Yanhong Jin 2 1 (2) ½ (1) Steven Fuller2 1 (1) Wade Griffin2 1 (2) John Penson 1 (1) 1 (1) Alan Love 2 ½ (1) 2 (2) Douglas Shaw ½ (1) 1 (1) John Park ½ (1) 2 ½ (3) Jianbang Gan 3 1 (2) Henry Bryant ½ (1) 1 (1) Dmitry Vedenov ½ (1) 1 (1) Parr Rosson 7 (7) David Anderson 6 ½ (7) Joe Outlaw 6 (6) Edward Rister 6 (7) Victoria Salin 5 (5) Earnest Davis 2 3 (3) Frederick Boadu 3 (3) Gary Williams 2 (3) Ronald Griffin 2 (2) Curtis Lard 2 2 (2) Jim McGrann 2 1 (1) Mark Waller 1 (1) Ronald Lacewell 1 (1) Edward Price 1 (1) Richard Conner 1 (1) John Siebert 1 (1) Kerry Litzenberg 1 (1) Gene Nelson 1 (1) Marco Palma 1 (1) John Robinson 1 (1) Danny Klinefelter 2 (2) David Newburn 1 (1) Piya Abeygunawardena ½ (1) Ariun Ishdorj ½ (1) 1 Co-chairs are considered ½ in this table for the first number and the number in parentheses includes all students regardless if co-chair or chair. 2 No longer with the Department either through retirement or new employment. 3 Adjunct professor Source: http://agecon.tamu.edu/graduate/graduate_students_placement.html

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Master of Science Program in Agricultural Economics

Background The Master of Science degree in Agricultural Economics at Texas A&M University provides professional training in agricultural and resource-related decision-making needed in today’s world. Employment areas for MS graduates are widely diverse and include commodity marketing, food processing, food wholesaling and retailing, rural banking and credit, real estate, agricultural or environmental policy, and public service.

Applications and Enrollment Figures G.10, G.11, and G.11 – Applications and Enrollment MS Students  On average, 32% of the MS students are newly enrolled students, with a range from 15% to 44%.  Domestic Students o They average 66% of total students, with a range from 48% to 82%. o Of those admitted, on average, 59% enrolled, with a range from 20% to 80%. o Of those who applied, on average, 93% were admitted, with a range from 76% to 100%. o The lower range of the above percentages occurred in 2011.  International Students o Of those admitted, on average, 38% enrolled, with a range from 16% to 75%. o Of those who applied, on average, 76% were admitted, with a range from 41% to 91%. o The lower range of the above percentages occurred in 2011.  Overall enrollment shows an upward trend, but a sharp decline occurred in 2011.  Domestic students show an upward trend, with a sharp decline in 2011.  International students show a slight downward trend until 2009.  Domestic students, on average, are 66% of the MS students, range 59% to 82%.

Demographics Figures G.13 and G.14 – Gender of MS Students  Overall an upward trend is shown by both male and female student numbers, but the trend in males is much stronger.  The average percentage of students who are male is 58%, with a range from 53% to 66%.  Overall the number of domestic male students shows the strongest upward trend.  Domestic Students o An average of 59% of students are male, with a range from 43% to 69%.  International Students o An average of 58% of students are male, with a range from 43% to 69%. o International male students show a downward trend until 2009. o International female student enrollment is steady until 2009, when an upward jump in the numbers occurred.

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Figure G.10. Number of New Domestic MS Students who Applied, Were Admitted, and Enrolled, along with Total MS Student Enrollment Fall Semesters

Figure G.11. Number of New International MS Students who Applied, Were Admitted, and Enrolled, along with Total MS Student Enrollment Fall Semesters

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Figure G.12. Total Enrollment in the MS Program

Figure G.13. Gender of Total Enrollment in the MS Program

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Figure G.14. Gender of Total Enrollment in the MS Program by Domestic and International Status

Program Summary and Course Requirements Thesis Option The Master of Science-Thesis Option requires a minimum of 32 credit hours. Required courses include Microeconomic and Macroeconomic Theory, two Quantitative Methods courses, Research Methodology, and a wide selection of field courses to comprise a specialty area. A thesis, based upon original research supported by our outstanding faculty, is required. Any master’s student who may consider continuing on for a PhD should select the thesis option. Non-Thesis Option The Master of Science-Non-Thesis Option requires a minimum of 36 credit hours. Required courses include Managerial Economics and Macroeconomics, two Quantitative Methods courses, and a wide selection of field courses to comprise a specialty area. A Professional Internship is one of many electives available. A Professional Study paper is required and should focus on an issue of special interest and relevance to the student’s specialty area.

See Appendices G.3 and G.4 for a listing of courses and program requirements.

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Table G.4. Master’s Degree Learning Assessment Outcomes

Learning Outcome 2009–10 Cycle 2010–11 Cycle 1. Apply economics reasoning a. Advanced application of quantitative methods Partially Met 1 Not Reported this cycle b. Completion of thesis or professional paper Met Met c. Defense of thesis / professional paper Partially Met 2 Met

2. Effectively communicate a. Completion of thesis or professional paper Met Met b. Defense of thesis / professional paper Met Met

3. Demonstrate ethical awareness NQM NQM

4. Conduct applied research independently a. Defense of thesis / professional paper NQM NQM

5. Recognize and respect diversity and differences NQM NQM Note: NQM stands for not quantitatively measurable 1 Action Plan: Target requires an understanding of elasticity and its application to markets and firms, hypotheses testing from linear regression, mathematical economics for optimization, and interpretation of data presented in charts. Detailed evidence on application of quantitative methods was not collected in this cycle. The assessment committee and faculty will consider alternative means to collect evidence on outcomes. 2 Action Plan: Target requires that all students will successfully defend thesis or professional paper in oral examination. All students successfully completed the oral defense of the exam, but one student required two attempts to pass the oral exam.

Assessment of Student Learning Outcomes Table G.4.  These are newly instituted measures with only two cycles of data; therefore, care must be used in interpretation.  Overall, students meet measurable learning assessment targets.

MS Degrees Awarded from Fall 2003 through Summer 2011 and Placement Appendix G.5  A total of 112 students graduated with MS degrees.  On average, 14 students graduated per year.  A diverse range of placement of students occurred ranging from the business world to further academic training.

Graduate Student Assistantships Figure G.6  The number of students on assistantships shows a sharp decline in 2009.  On average, only 36% of MS students are on assistantships.

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Doctor of Philosophy in Agricultural Economics

Background The PhD degree in Agricultural Economics at Texas A&M University is a degree tailored to produce highly skilled applied economists focused on quantitatively-based economic research and analyses of managerial and policy questions, as well as natural resource and environmental issues. These professionals are educated in a manner facilitating their pursuit of productive careers in academia, business, and government service.

Applications and Enrollment Figures G.15, G.16, and G.17 – Applications and Enrollment of PhD Students  On average 23% of total PhD students are newly enrolled, with a range from 17% to 27%.  Domestic Students o They average 24% of total students, with a range from 17% to 30%. o Of those admitted, on average, 71% enrolled, with a range from 0% to 100%. o Of those who applied, on average, 96% were admitted, with a range from 60% to 100%.  International Students o Of those admitted, on average, 38% enroll, range 28% to 48%. o Of those applied, on average, 84% are admitted, range 60% to 100%.  Overall enrollment shows an upward trend.  The increase in international students is the main cause of the upward trend.

Demographics Figures G.17 and G.18 – Gender of PhD Students  An overall upward trend is seen in both the number of male and female students, but the trend is stronger for male students.  On average, 72% of the PhD students are male, with a range from 67% to 76%.  Overall, international male and female students show the strongest upward trends.  Domestic Students o They average 85% male, with a range from 78% to 100%. o Domestic female students decreased to zero in 2010, but increased in 2011.  International Students o They average 68% male, with a range from 63% to 76%.

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Figure G.15. Number of New Domestic PhD Students who Applied, Were Admitted, and Enrolled, along with Total PhD Student Enrollment (Fall Semesters)

Figure G.16. Number of New International PhD Students that Applied, Were Admitted, and Enrolled, along with Total MS Student Enrollment (Fall Semesters)

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Figure G.17. Total Enrollment in the PhD Program

Figure G.18. Gender of Total Enrollment in the PhD Program

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Figure G.19. Gender of Total Enrollment in the PhD Program by Domestic and International Status

Program Summary and Course Requirements

The PhD in Agricultural Economics at Texas A&M University requires a minimum of 64 credit hours beyond the MS level – 42 hours of course work and 22 hours of research (AGEC 691). The PhD curriculum is composed of the following three components:

Economic Theory and Applications Economic theory from the Department of Economics and integrative applied economic skills taught within the Department of Agricultural Economics provide the foundation for the PhD program. Topics include neo-classical theory, game theory, risk analysis, firm production, household consumption, markets, industrial organization, and distribution of welfare.

Quantitative Methods An applied quantitative methods component, taught within the Department of Agricultural Economics, covers analysis through the use of tools from econometrics, mathematical programming, dynamic programming, optimal control, stochastic efficiency, and simulation.

Field Area The field area requires 12 credit hours. Six credit hours are taught within the Department – a Fundamentals course and a Frontiers course – in one of the two available fields: (1) Markets and Information Economics and (2) Resource and Environmental Economics. 121

The remaining six credit hours of field study may come from inside or outside the Department. The elective field courses may provide greater depth in the primary field, or may constitute a secondary field.

See Appendix G.6 for program requirements.

Assessment of Student Learning Outcomes

 These are newly instituted measures with only two cycles of data; therefore, care must be used in interpretation of the measures.  Overall, students meet measurable learning assessment targets with the exception of presentation of economic research.

Table G.5. Doctoral Degree Learning Assessment Outcomes

Learning Outcome 2009–10 Cycle 2010–11 Cycle 1. Design innovative research a. PhD thesis Met MET b. Presentation of economic research Not Met Not Met c. Journal publications NQM Met

2. Conduct applied research a. PhD thesis Met Met b. Presentation of economic research Not Met Not Met c. Journal publications NQM Met d. Qualifier exam in economic theory and analysis Met Met e. Preliminary exam in applied sub-specialty Met Met

3. Effectively communicate a. PhD thesis Met Met b. Presentation of economic research Not Met Net Met c. Journal publications NQM Not Met d. Preliminary exam in applied sub-specialty Met Met

4. Recognize and respect diversity and differences NQM NQM Note: NQM stands for not quantitatively measurable.

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PhD degrees awarded from Fall 2003 through Summer 2011 and Placement Appendix G.7  A total of 66 students graduated with a PhD degree.  On average, 8 students graduated per year.  Most students enter into academic faculty or research associate positions.

Graduate Student Assistantship Figure G.6  The number of students on assistantships is decreasing.  On average, only 47% of PhD students are on assistantships, with a range from 33% to 53%.

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INTERCOLLEGIATE FACULTY OF AGRIBUSINESS GRADUATE PROGRAMS

Intercollegiate Faculty of Agribusiness

In response to an identified market demand for higher levels of skills in food and agribusiness management, marketing, and financial analysis, a proposal was submitted to the Texas Higher Education Coordinating Board to create a Master of Agribusiness (MAB) degree program. The MAB would incorporate many of the academic elements of an MBA but with an emphasis on the skills required to successfully pursue a career in an industry sector that was, globally, commodity-based upstream at the farm level and consumer-based at the retail level downstream. A key objective was to provide students with life science undergraduate degrees the opportunity to acquire economic and business analysis skills that would qualify them to enter management track positions in food and agribusiness-related product and service companies.

To provide oversight to the Master of Agribusiness (MAB) degree program the Intercollegiate Faculty of Agribusiness (IFA) was created, primarily comprising faculty members from the Department of Agricultural Economics and faculty members from all departments of Mays Business School. The By-Laws (Appendix I.1) governing the IFA, and the proposed MAB degree, were approved by the Texas Higher Education Coordinating Board in 1999. In accordance with University Faculty Guidelines governing interdisciplinary programs, all members of the IFA had to be graduate faculty members and be nominated for membership and accepted by majority vote of the IFA.1 Current members of the IFA are provided in Appendix I.2.

An outcome of the 2003 doctoral review was a strong suggestion to consider the feasibility of gaining depth and rigor in the agribusiness field area by requiring students to take the doctoral seminars in the separate disciplines of Mays Business School. A task force of faculty members in the Department of Agricultural Economics and the graduate coordinators or Department Heads in Mays Business School was convened to review the feasibility of creating a PhD in Agribusiness and Managerial Economics with sub-fields in the Mays Business School disciplines. The task force recommended that the most effective method was to move the PhD agribusiness field area under the IFA since students with the IFA degree designation were given access to courses in the Mays Business School. This PhD degree program was approved by the Texas Higher Education Coordinating Board in 2009.

To provide appropriate oversight to both the Master of Agribusiness and the PhD in Agribusiness and Managerial Economics, the IFA By-Laws were amended to create a separate operations committee for each degree. The amendment to the By-Laws was approved by the Texas Higher Education Coordinating Board in 2009, and the operations committees were set up.

1 As a consequence of the separation of the Vice President for Research Office from the Provost’s Office, the rule guiding the creation and governance of interdisciplinary programs is currently being modified to refer only to interdisciplinary research groups. A new rule will be created to provide institutional recognition of interdisciplinary academic faculty groups. It is not clear at this time which rule the IFA will fall under or if it will have to report under both pathways. 124

The Chair of the IFA and Director of the MAB positions are administratively located in the Department of Agricultural Economics and appointed by the Deans of the College of Agriculture and Life Sciences (COALS) and Mays Business School. The Dean of the COALS is designated as the lead Dean for the purposes of University oversight and administration. The IFA is one of 13 interdisciplinary programs (IDP) of which seven reside administratively in the COALS. The degrees awarded by the IFA, as an interdisciplinary program, are designated as University degrees as opposed to being awarded by either of the colleges separately. Since Fall 2002, the Director of the MAB has been the sole advisor and chair for all students in the program, i.e. the students do not have a conventional three-member committee.

Current Committee Members

The Executive Committee Chair: Dr. Eluned Jones Vice-Chair: Dr. David Blackwell Member: Dr. David Leatham

MAB Operations Committee PhD Operations Committee Chair: Dr. Eluned Jones Co-Chair: Dr. Eluned Jones Members: Dr. Victoria Salin Co-Chair: Dr. David Leatham (Mays member TBD) Members: Dr. John Penson Ex Officio: Dr. David Blackwell (Mays member TBD) Ex officio: Dr. David Blackwell Chair of GAC

Master of Agribusiness Program

The Master of Agribusiness degree was designed as a professional degree with an emphasis on combining economic and business analysis, and incorporating quantitative methods as the basis for supporting financial and management decisions. In contrast to the research-based thesis of a MS-thesis degree, case-based research and team performance are the cornerstones of the capstone courses in strategic management and financial analysis. A key objective of the program is to build competence and confidence in integrating and using economic and business analysis skills in industry positions where imperfect information is the norm.

Objectives of the MAB are to:

 Provide the opportunity for students with a life science undergraduate degree to gain the economic and business analysis skills that would broaden their career opportunities and more quickly integrate their technical background with management capabilities.  Provide the opportunity for graduates from Texas A&M University to enhance their skills and be more competitive for management-track positions.  Provide a learning environment for food and agribusiness management students from a diverse cultural and disciplinary background that would enhance the capability of MAB graduates to perform in a global industry.

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 Provide domestic students with the opportunity to learn from students from different cultures and, conversely, for international students to learn about the U.S. business model through required multicultural diverse team projects.

Enrollment and Graduation

Two hundred and thirty-three Master of Agribusiness degrees have been awarded to students since the program was established (Table I.1). The standard degree program, based on full-time study of 12 credit hours per semester plus a summer internship, is 16 months starting with the fall semester and completing the following December. Students who wish, or need, to work part- time to fund their academic career can take 9 credit hours and complete in 22 months in May of their second year. Each cohort is designated by the fall semester in which they start the core Agricultural Economics courses.

Table I.1. MAB Degrees Awarded from Beginning of Program

Academic Year Total Fall Spring Summer 2010–2011 23 10 11 2 2009–2010 18 9 8 1 2008–2009 13 3 8 2 2007–2008 15 6 9 0 2006–2007 22 14 6 2 2005–2006 18 8 9 1 2004–2005 23 10 12 1 2003–2004 18 13 5 0 2002–2003 21 13 8 0 2001–2002 24 15 9 0 2000–2001 19 12 6 1 1999–2000 11 7 3 1 1998–1999 8 2 3 3

The Master of Agribusiness program has the flexibility to admit students in the fall, spring and summer semesters (Table I.2). Students, however, who do not have the pre-requisite intermediate micro- and macro-economic theory and intermediate statistics courses can enter in any semester, complete the pre-requisites, and begin taking the core business courses. This flexibility is essential in preparing high caliber students who have technical undergraduate (and graduate) degrees but limited prior background in social sciences and for international students who may also need to improve their oral and written language skills before embarking on a highly interactive degree program that is also writing intensive.

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Table I.2. Master of Agribusiness Applications and Enrollment

Applicants Admitted New Enrolled Total Enrolled Domestic Int’l Combined Domestic Int’l Combined Domestic Int’l Combined Domestic Int’l Combined Fall 2011 13 22 35 10 13 23 11 12 23 22 27 49 Spring 2011 2 0 2 2 1 3 1 1 2 13 24 37 Fall 2010 7 10 17 7 9 16 7 8 15 19 27 46 Spring 2010 3 4 7 3 4 7 3 3 6 18 23 41 Fall 2009 7 8 15 7 10 17 6 10 16 22 24 46 Spring 2009 3 2 5 4 3 7 3 1 4 23 15 38 Fall 2008 10 9 19 10 8 18 8 8 16 20 18 38 Spring 2008 1 1 2 2 1 3* 2 1 3 15 19 34 Fall 2007 10 11 21 10 9 19 8 8 16 17 18 35 Spring 2007 0 1 1 0 1 1 0 1 1 10 15 25 Fall 2006 9 9 18 9 8 17 7 6 13 23 15 38 Spring 2006 1 0 1 1 0 1 1 0 1 20 11 31 Fall 2005 14 8 22 14 7 21 12 4 16 26 13 39 Spring 2005 3 3 6 2 3 5 2 1 3 22 14 36 Fall 2004 13 13 26 11 11 22 11 6 17 26 18 44 Spring 2004 4 2 6 4 2 6 2 1 3 18 16 34 Fall 2003 14 6 20 14 6 20 12 5 17 28 14 42 *student transferred from MS program

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Demographics

Interest in the MAB program has steadily increased over the past 10 years. This can be attributed to increasing brand awareness with each cohort of students graduating and entering the workforce, word-of-mouth (particularly among international students), presence of industry partners information on the program website, and an increase in industry scholarships that include an out-of-state tuition waiver.

Within the state, students have been admitted from Texas A&M System universities, West Texas State University, Tarleton State University (Stephenville/Fort Worth), Texas A&M International (Laredo), Texas Tech University, University of Texas, University of Houston, Stephen F. Austin University (Nacogdoches), Sam Houston State University (Huntsville), Abilene Christian University, Our Lady of the Lake (San Antonio), and Trinity University (San Antonio). Students entering the MAB program also come from more than twenty countries and seven states.

Variables that have been found to influence the achievement of the MAB objectives include a composition of one-third to one-half international students and one-third to one-half of students with a technical science undergraduate degree (Table I.3). Experience has demonstrated that either an overwhelming number of domestic or international students can undermine the integration of the cohort and their transformation to be multiculturally engaged by the time they graduate. Since admission does not involve quotas, there is some variability in the actual demographics of each cohort (Table I.4).

Considerable time is spent in responding to requests and talking with prospective students to ensure that they fully understand the nature of the degree program. The multi-disciplinary, multi-cultural profile and interactive structure, including team performance, is not the preferred structure of learning for all students. In addition, the limited financial support that can be guaranteed is a deterrent to many students. Thus, the number of out-of-state and international students who complete applications is less than half of those who enquire about the program.

The cohort target of 20 students is predicated upon an objective of integrating the MAB and MS students in the early part of their degree programs to ensure a respect for the similarities and differences in the two degrees and to build networks that transcend their time on campus. The smaller cohort size than the MS program also permits a high degree of feedback and interaction with students. As indicated in Table I.5, the two quantitative methods courses are evenly split between the two degree programs. Students also take elective courses in the Department together, providing further opportunities for building collegial relationships between the MAB and MS students.

Admission requirements for the MAB are equivalent to those for the MS with some minor differences. Students must have taken intermediate micro- and macro-economic theory, intermediate statistics and differential calculus before registering for the core Agricultural Economics courses. However, they may submit either GRE or GMAT scores because the degree is intercollegiate with Mays Business School. In addition, writing scores are required because there is considerable emphasis on written, as well as oral, articulation of analysis.

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Table I.3. Diversity of Disciplinary Background: Undergraduate Degrees of MAB Students by Cohort

Undergrad Major 2005 2006 2007 2008 2009 2010 Accounting 1 1 2 Advertising 1 Ag Biology 1 Ag Development/Leadership 1 1 1 2 1 Ag Engineering 1 Ag Systems 3 Agribusiness 5 1 2 6 5 1 Agriculture 1 3 3 Agronomy 1 1 1 1 Animal Science 3 1 2 1 1 Biology 1 Biomedical Science 1 Biotechnology 1 1 1 Business 3 3 Civil Engineering 1 Computer Science 1 Economics/Ag Economics 2 2 2 2 1 4 English 1 Finance 1 1 Food Science 1 Horticulture 1 1 Hydraulic & Ocean 1 Engineering Industrial Distribution 1 Information Systems 1 1 International Trade/Econ 1 1 2 Investment Management 1 Library Science 1 Management 1 1 Marketing 1 Philosophy 1 Poultry Science 2 Preventive Medicine 1 Psychology 1 1 Public Administration 1 Social work 1 Translation 1 Veterinary Medicine 2

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Table I.4. Enrollment by Fall Semester

Fall of Total Male Female Domestic International 2011 49 21 28 22 27 2010 46 21 25 19 27 2009 45 25 20 22 23 2008 38 19 19 20 18 2007 35 15 20 17 18 2006 38 18 20 23 15 2005 39 25 14 26 13 2004 44 22 22 26 18 2003 42 16 26 28 14 2002 46 27 19 33 13 2001 47 29 18 35 12 2000 45 28 17 36 9 1999 32 18 14 26 6 1998 13 6 7 10 3

Table I.5. Course Enrollment Numbers2

Year AGEC 619 AGEC 621 AGEC 622 AGEC 625 AGEC 629 AGEC 630 2011 19/24 18/41 21/42 24 23 23 2010 20/30 20/49 22/52 24 21 21 2009 19/26 19/52 20/32 20 19 20 2008 20/31 20/47 20/45 20 15 15 2007 18/30 16/45 16/41 20 15 15 2006 13/24 13/44 21/41 25 22 22 2005 20/23 19/48 16/27 19 18 18 2004 17/22 17/36 25/46 21 24 24 2003 21/28 24/49 19/48 31 16 17 2002 19/31 21/50 26/35 Not taught 24 23 2001 24/34 24/38 22/41 34 24 27 2000 20/32 21/56 17/30 21 22 1999 19/39 17/24 12 13 1998 5/39 16

2 Enrollment for AGEC 619, AGEC 621 and AGEC 622 indicates the number of MAB students out of the total class enrollment which includes MS students. AGEC 625 may have one or two MS students. AGEC 629 and AGEC 630 are the capstone courses and were approved to replace the thesis requirement for this degree. Due to the case method and team approach used in these courses, they are restricted to MAB students unless by instructor permission. 130

The average GRE combined quantitative and verbal scores and entering GPA for newly enrolled MAB students are 1067 and 3.43 respectively for the 2003–2011 cohorts. There are generally no more than 3–4 admissions based on GMAT scores each year.

Recruiting

Recruitment of students with applied or agricultural economics and agribusiness undergraduate degrees is generally accomplished through the professional meetings and quiz bowl venues. Life science students on campus are recruited through participation in undergraduate courses where discussions regarding career paths are included in the syllabus, as well as communicating with the advisors, counselors and graduate coordinators across the College. Students taking service courses and electives in the Department are also referred to the program when they have shown an interest and academic aptitude.

Recruitment of international students occurs primarily through website inclusion of information on graduate placement and industry partners which has been highly successful in attracting students to the MAB program. In addition, linkage from the Mays Business School MBA website provides access for students who are specifically interested in a career in food and agribusiness. Increasingly students are referred by members of their ethnic community i.e. current and former students who have a connection with the MAB program. The Latin American and Asian student communities have very strong networks on campus which are often involved in referrals.

Linking prospective students with current and former students via Facebook and LinkedIn provides the opportunity for them to discuss how the program may, or may not, fit their career objectives and for students to gain information on internships and career opportunities.

Opportunities for underrepresented populations have been limited due to funding thus far, though four diversity students have graduated from the program since 2003. There are numerous financial scholarship support programs from high-caliber diversity students but they generally require matching support from the Department or the interdisciplinary program which has not been feasible for the IFA.

Graduate Student Funding

The MAB is a professional degree program that does not include a research thesis which generally limits competitiveness for sponsored research projects. Recent changes in the University policy that covered tuition fees for students awarded Graduate Assistantships to only provide this benefit to PhD students will reduce the attractiveness of this form of graduate education financial support for both MAB and MS students.

MAB students are generally competitive in gaining opportunities for funding in  Applied research projects, particularly those associated with extension programs.  Various offices of technology commercialization in the College of Engineering and at the University level.  The Center for Latin American Studies.

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 The Institute for Pacific Asian Studies.  The Borlaug Institute.  Numerous business offices on campus because of their finance and accounting background as well as their ability to communicate in a multicultural community.

Tuition Scholarships are offered since, in the state of Texas, a competitively awarded $1,000 scholarship will also waive out-of-state tuition status for the academic year for non-Texas and international students. This small scholarship is critical to being able to compete for high caliber students.

Graduate Enhancement Funds derive from the number of students in the program and have provided a consistent $12,000–$13,000 each academic year. More important has been the increased level of funding from industry partners in the form of funds for competitive scholarships. Industry funding is increasing as the numbers of graduates achieve higher levels of management and re-engage in the program (via the Food and Agribusiness Industry Symposia) and are in the position to influence funding decisions (Table I.6).

Table I.6. Scholarship and Fellowship Awards by Academic Year, 2003–2011

Academic Yr Awards Amount Source 2003–04 7 $1000 MAB 2 $1000 COALS 1 $2000 MAB 1 $15,000 Regents Fellowship (money from 2002-03) 1 $10,000 Regents Fellowship 3 $5000 Regents Fellowship 2004–05 4 $250 MAB Mentor Scholarship 10 $500 COALS 21 $1000 COALS 8 $1000 MAB 3 $5000 Regents Fellowship 2 $300 MAB Travel Grant 2005–06 4 $250 MAB Mentor Scholarship 11 $1000 MAB Grad Enhancement 2 $2500 MAB 3 $5000 Regents Fellowship 2006–07 8 $250 MAB Mentor/Workshop Organizer Scholarship 6 $500 MAB 20 $1000 MAB 1 $5000 Regents Fellowship 4 $2500 Regents Fellowship 2007–08 3 $500 MAB Mentor Scholarship 10 $1000 COALS 7 $1000 MAB Grad Enhancement 1 $5000 Regents Fellowship 1 $2500 Regents Fellowship

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1 $7500 Regents Fellowship 2008–09 4 $500 MAB Mentor Scholarship 20 $1000 MAB 2 $5000 Regents Fellowship 2 $2500 Regents Fellowship 1 $1000 CoBank Industry Partners Scholarship 1 $1000 Monsanto Industry Partners Scholarship 1 $1000 JBS Swift Industry Partners Scholarship 2 $500/$800 WFLO Travel Scholarship 2009–10 12 $1000 MAB 4 $1000 COALS 3 $2500 Regents Fellowship 1 $4000 Regents Fellowship 2010–11 15 $1000 Novus Industry Partners Scholarship 2 $1000 CoBank Industry Partners Scholarship 11 $1000 MAB 3 $2500 Regents Fellowship 1 $5000 Regents Fellowship

Program Summary and Course Requirements

The Master of Agribusiness degree requires 39 credit hours. Required courses taught by faculty members in the Department of Agricultural Economics include Managerial Economics, two Quantitative Methods courses, Environment of Agribusiness, Strategic Agribusiness Management and Financial Management. Required courses taught by faculty members in Mays Business School include Accounting, Financial Statement Analysis, Survey of Marketing, and Survey of Management. If students have already taken the core business survey courses the partnership agreement allows them to take a higher-level course for which the core courses would be pre-requisite. Students have nine credit hours of elective courses of which three hours can be an internship, which is strongly encouraged. Students are encouraged to use elective courses to strengthen the skills that they see as differentiating them from the rest of their cohort. Students have taken graduate courses in life sciences (e.g. HACCP certification), industrial distribution, finance and accounting, management, marketing, transfer pricing and MNE’s (Bush School), supply chain management, entrepreneurship, languages, adult education and training, as well as the master’s level courses in the Department such as commodity futures and options, policy, and international trade. Three MAB students have successfully completed their CPA certification in tandem with completing their MAB which is feasible if they have a business undergraduate degree and use their elective courses to complete the prescribed courses for the CPA. Since the Sarbanes-Oxley legislation was enacted, students will typically still require an additional semester to complete both sets of requirements.

Students who have some inclination about continuing their studies for a PhD are encouraged to include more advanced statistics courses, research methodology, and to do an independent research study among their electives. Four MAB graduates have successfully completed their PhD in Agricultural Economics, three at Texas A&M University.

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See Appendices I.3 and I.4 for listing of the courses and program requirements and an outline of the typical schedule.

Assessment of Student Learning Outcomes  Evaluations to assess whether students were achieving their learning objectives were implemented as a consequence of several studies on the MAB program completed in 2003–2005 as part of a Quality Enhancement Program project. These studies also included evaluation of diversity (culture, discipline and gender) influences on team performance. Three student self-evaluation assessments were developed to address their level of competence and confidence in economic reasoning and analysis, application of quantitative methods, understanding of the food and agribusiness industry, and ability to formulate and support strategic and financial recommendations. The instruments are found in Appendix I.5 and are completed at the following points in the students’ degree program: o Early in their 2nd semester to review the skills acquired in their 1st semester. o At the end of the 2nd semester. o At the end of the 3rd semester following completion of the capstone courses.

 Faculty assessment of learning outcomes is accomplished in the required mid-semester and final individual oral exams given in AGEC 629 Strategic Agribusiness Management and in the team portfolio project that integrates all the skills and competencies acquired.  A pilot survey is in process for graduation/post-graduation evaluation of the MAB program.  A skills matrix to use with students in their MAB orientation and at later stages of the program during team formation activities and in preparing resumes has been developed (see Appendix I.6).

Activities to Support Retention and Success in the MAB Program  Separate one-day orientation focused on diversity, teamwork, and skill development for career preparation for the MAB entering students.  Half-day Excel basics and applications workshop in addition to the one-day orientation (originally introduced for the MAB students and expanded to all entering graduate students).  Mentoring program – Second year students, reflecting the diversity of the cohorts, who have volunteered to serve as mentors to the first year students.  Food and Agribusiness Industry Symposia held twice a year in the fall and spring semesters. This day-long program engages two to three business leaders with the students on top-of-mind issues in the morning and in break-out groups on what the firms are seeking in future employees, expected career path, and management culture. This activity has been a critical success in placing students in internships, career positions, and in generating support funding for scholarships and professional workshops for the students.  Professional Workshops – resume writing, visits with former MAB graduates, and industry recruitment sessions with industry partners.

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Significant International / Globalization Opportunities for Students  The primary opportunity for students to become more attuned to the global food and agribusiness industry is through interaction with their cohort and between cohorts. Students are required to work in diverse pairs and teams for at least four of the core program courses. The capstone courses have a team portfolio project for which the teams are designed to reflect diversity of culture, disciplinary background, and gender. This aspect of the degree has become a key 'brand' characteristic.  Eleven students have received fellowships to attend the International Food and Agribusiness Management Association (IFAMA) conference and in three of these years, participated in the Case Study Competition.  MAB students have competed in the AAEA and FDRS case competition when location and timing have permitted. The summer competition conflicts with internship commitments and the fall competition conflicts with students interviewing for internships and career positions along with their academic commitments.

Placement

Since the inception of the MAB degree program the number and breadth of career opportunities have grown as food and agribusiness firms have (a) identified analytical functions where they have significant support gaps, and (b) identified a source of graduates who have the business competencies they seek as well as knowledge of the industry. Graduates are taking positions, often upon graduation, as  Financial analysts.  Auditors.  Industry and market analysts.  Procurement specialist and analysts.  Pricing and price analysts.  Sales management.  Supply chain analysts.  Logistics and distribution analysts and managers.  Inspection and quality control managers and consultants. These placements are in regional, national and multi-national corporations that are based in the U.S., and increasingly, in Asia and Latin America with firms such as:

ADM CoBank Deere & Co. Mars Bunge BBVA-Compass HEB Nestle Cargill Case-New Holland JBS Sysco ConAgra Daymon International Kroger

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Doctoral Program in Agribusiness and Managerial Economics

Overview

The evolution of complex business and governance structures has generated four new markets for higher-level analytical skills:

 Researchers of new governance structures and their economic and business performance.  Teachers who have the cross-disciplinary knowledge to integrate food and agribusiness managerial economics.  Research analysts with the quantitative skills required to analyze risk in a wide range of exposure, e.g. commodity ingredients, transportation capacity, fuel and energy, packaging materials, as well as unintentional and intentional contamination and counterfeiting.  Public sector and non-profit analysts in support of policy and legislative decision-making.

The PhD in Agribusiness and Managerial Economics addresses this gap in graduate-level training in the agribusiness field that has become increasingly apparent as undergraduate and graduate degrees in agribusiness have become more prevalent in land grant universities.

Applications and Enrollment

Admission is based upon criteria established by the PhD in Agribusiness and Managerial Economics operations committee of the IFA and on criteria for each field area in Mays Business School. The Mays Business School doctoral program structure is quite different from that of Agricultural Economics in that Mays typically admits two students in each field area each year. Thus, the number of students admitted to each field area will be limited to two students per year.

Students are required to have at least one committee member from Mays Business School and the chair or a co-chair must be a member of the IFA.

Demographics

There is currently only one student in this program. There are four pending requests for transfer from the PhD in Agricultural Economics program.

No student has graduated from this program as of August 2011.

Program Summary and Course Requirements

The IFA PhD program has the same required core of applied economics courses offered through the Department of Economics and the Department of Agricultural Economics as the PhD in Agricultural Economics for the first year of study. Students considering applying for the IFA PhD will also need to take the first of two field courses, AGEC 671 Fundamental in Agribusiness

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and Managerial Economics. Differentiation between the two degree programs occurs post- qualifier when students interested in pursuing the IFA PhD apply to one of the field areas in Mays Business School. Fields in Finance, Marketing, Management and Supply Chain Management are the options available. Students must apply for admission to Mays Business School graduate program in their chosen field area once they have successfully completed the economic theory qualifier3. A description of the structure of the PhD program can be found in Appendix I.7. Specific requirements for the field areas are provided in Appendix I.8.

In contrast with the PhD in Agricultural Economics, the IFA PhD requires two Agribusiness field courses to be taken in Agricultural Economics and nine credit hours of doctoral seminar courses in their field area in Mays Business School (Figure I.1). Students may be required by their committee to make up deficiencies in either economics or business field courses depending on their academic backgrounds. Thus, the IFA PhD has the potential to add an extra semester of coursework to the student’s degree plan. The preliminary exam is in two parts: one part written by faculty members in the Department of Agricultural Economics and the other by a faculty member or members in the respective department in Mays Business School.

3 The requirements for admission to the program were established by the feasibility task force and incorporated in the proposal that was approved by the Texas Higher Education Coordinating Board. 137

College of Agriculture and Life Sciences Department of Agricultural Economics Mays Business School

Intercollegiate Faculty PhD in Agricultural Economics of Agribusiness PhD in Business Administration

Field Area: Accounting* PhD in Agribusiness and Field Area: Markets and Managerial Economics with fields in: Information Economics Finance Management Field Area: Finance Marketing Field Area: Resource and Supply Chain Management Environmental Economics Field Area: Management

Field Area: Marketing

Field Area: Supply Chain Management

* The PhD in Agribusiness and Managerial Economics does not propose a field area in accounting at this time.

Figure I.1. Structure of PhD in Agribusiness and Managerial Economics

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EXTENSION EDUCATION AND OUTREACH ACTIVITIES

Overview

The Department has a large Extension Economics program unit with specialized skills including crop and livestock production economics, crop and livestock marketing, seafood marketing, international trade, agricultural policy, agricultural finance, risk management, agricultural law, and community economics. Relative to other states around the country, and especially across the southern U.S., our Extension Economics program unit has more FTE's than many of the other states (currently 31.87 professorial rank faculty members and program specialists). While the size of the Extension program is partially due to the size of the state, it may be more closely tied to the success of our extension program efforts and expanded funding in specific areas resulting from the development and delivery of creative, effective, successful extension programs. The Extension unit has a sufficient faculty to have a critical mass, allowing some faculty members to specialize in more narrowly defined areas. That ability to specialize has allowed some faculty members to attain a stature of regional/national prominence and leadership. In addition, a strong off-campus faculty keeps us close to our clientele, and in touch with their educational and applied analysis needs.

To provide some historic perspective, District and campus-based positions were lost in budget cuts during the 1980's and 1990's, reducing the unit’s ability to have effective contact with clientele and maintain expertise in necessary areas of specialization. A Risk Management Initiative, funded by a special state initiative, helped reduce the effect of FTE erosion. The Risk Management Initiative, which was piloted in 1997, and expanded statewide in 1998, helped to offset some of the 10 plus years of erosion of FTE's experienced during the 1980's/1990's. The trend of erosion of positions, however, has resumed in the 2000's, as budget cuts are again taking a toll, but the Extension unit is working from a larger base.

The Extension unit has developed a reputation for quality in-depth educational programs and strong applied research Centers. In-depth educational programs/efforts such as the Master Marketer program, FARM Assistance, The Executive Program for Agricultural Producers (TEPAP), Farm Bill training, and Standardized Performance Analysis (SPA) have been highly successful because they were developed based on clientele/industry input regarding educational needs, clientele/industry/academic input on program/product design, and extensive evaluation/industry feedback and reporting of educational impacts and economic benefits.

Faculty members in the Extension unit have been active and successful in obtaining grant and contract funding to support educational programs, applied research, and the operation of several Centers. Extension Economics faculty members generated more than $767,041 in Texas AgriLife Extension Service grant funds as well as extensive registrations and sponsorship fees in FY2011. These Texas AgriLife Extension Service grant funds represented only a portion of the total funds acquired since many of the program units’ faculty members are involved in larger grants/contracts that are administered through Texas AgriLife Research, the Research Foundation, the Texas Transportation Institute, and other entities. Given the trend in federal and state support, Extension faculty members understand that grant and contract funding will become 139

a larger portion of our overall budget in the future. Without those additional resources to support operating expenses, hire technical support, replace/upgrade equipment, etc., our educational effectiveness could be sharply reduced. There may be a concern about the impact on base program activities as more and more effort is directed to grant and contract funded projects.

In addition to grant and contract support, as of this year, all extension faculty members are expected to contribute a portion of the workshop fees generated to the partial cost recovery program, to help maintain Extension funding levels. Most fee-based workshops are assessed the greater of $10 or 10% of registration fees for partial cost recovery. These funds are returned to Central Extension Administration and become part of the future revenue pool to be distributed across Extension.

Extension faculty members utilize many outlets to provide education, analysis, and information to clientele. The extension unit develops and distributes educational training, applied analysis, and information in various forms, through numerous outlets to clientele across the state, the U.S., and internationally.

Extension economics faculty members provide numerous contact hours of educational training through their own specialist driven programs, and in a support role for county programs. Extension faculty members also generate numerous types of publications for varying audiences, and rely to an increasing degree, on e-mail and the Internet to get products to clientele in the most timely, cost-effective manner.

Quality Indicators – Individuals and teams within the Extension Economics program unit have earned state/region/national reputations for developing innovative programs aimed at addressing clientele needs. The quality of those programs is reflected in the number of awards individuals and teams from the program unit have accumulated, and in the number of invitations faculty members have received to make presentations at regional, national, and international meetings / events. While some of the awards won can be credited to faculty members who have retired or otherwise moved on to other endeavors, the tradition of excellence is expected to continue with new faculty members that have been hired in recent years. Some of the newer faculty members are already beginning to receive regional and national recognition for extension programming and applied research efforts.

Future Directions/Priorities – The keys to future success of the Extension Economics program unit will continue to be tied to identifying needs, developing forward-looking innovative educational programs / analysis/information, and utilizing the most cost-efficient, timely, effective means of distributing those products. Increased emphasis / resources will likely need to be directed to: (1) risk management and feasibility analysis and strategic planning; and (2) improving capacity / skills / support for the optimal use of available technology to provide our products and services to clientele in the most timely, effective, and efficient manner.

Definition of Scope of Extension Program

As a component of Texas AgriLife Extension Service and the Department of Agricultural Economics, the vision, mission, and core values for the Extension Economics unit should relate

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directly to and support the missions of its parent organizations. The mission of Texas AgriLife Extension Service is “to provide quality, relevant outreach and continuing education programs and services to the people of Texas.” The mission of the Department of Agricultural Economics is “engages people in the use of economic analysis for making decisions involving agribusinesses, natural resources, and communities through the pursuit of learning, leadership, diversity, professional development, and excellence.”

The mission of the Extension Economics program unit is “to provide effective leadership and education towards changing positively the knowledge, skills, and attitudes of constituent groups which can lead them to more informed economic choices across commodity, community, and resource areas.”

The Extension Economics program unit strives to lead – both regionally and nationally – in the development and delivery of innovative educational and applied research programs that meet the decision support needs of targeted audiences and stakeholders, which will result in better informed economic and policy choices by our customers. It is critical that our programs be relevant to the needs of our constituents, customers, and stakeholders.

The creation of, training, and ultimate use of the relevant decision support tools will lead toward the accomplishment of several important statewide objectives such as maintaining or regaining competitiveness, ensuring economic sustainability, and supporting vibrant, rural communities. A primary focus of the Extension Economics program unit in Texas is to maintain a high degree of relevancy to the issues and concerns of commercial agriculture, resource owners, businesses, and related communities which are mutually interdependent. In addition, in line with the Texas AgriLife Extension Service Strategic Plan, we must evaluate these efforts with metrics that will measure and demonstrate the economic, environmental and social impacts for accountability purposes.

The main strategic goals of the Extension Economics program unit strategic plan are closely aligned with several of the priority objectives found in the Texas AgriLife Extension Service Extension Roadmap and the Texas AgriLife Extension Service Strategic Plan. These program unit goals include:

Goal #1 Enhance the ability of agricultural producers, fishers, and related agribusiness managers to identify economic opportunities and to understand/manage production, financial, policy, and food safety risks in order to improve the profitability and competitiveness of the Texas’ food and fiber industry.

Goal #2 Provide cutting edge applied research and analysis to individual producers and commodity organizations, government policy makers, and agribusiness interests.

Goal #3 Expand the development of educational programs and activities in rural entrepreneurship, and innovative economic development strategies, and in agribusiness value added enterprises.

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Goal #4 Enhance program delivery through electronic media to more effectively disseminate relevant economic information and educational materials and to conduct educational programs.

Goal #5 Enhance the professional skills of the Texas AgriLife Extension Service faculty by increasing the knowledge level and analysis skills of Extension Economics Program Unit members and by increasing the economic knowledge level and analysis skills of County Extension Agents.

The Extension Economics program unit has 31.87 FTEs at the Specialist and Program Specialist level. Of those individuals, 22 have professorial rank, and 10 are Extension Program Specialists, primarily in risk management specialist positions, and 3 are retirees who have been temporarily re-employed. A listing of faculty and staff is in Appendices P.1 and P.3.

Major Initiatives and Programs

In 1997, Texas AgriLife Extension Service initiated a new statewide initiative in risk management that was funded by the Texas legislature. This increased funding accomplished two important objectives for the Extension Economics program unit. First, a new cadre of FTEs was added to offset some of the position losses since 1985. Operating under the umbrella of risk management, these individuals have provided intensive education and service to agricultural producers in marketing and strategic planning. Second, the additional funding provided the resources to locate at least one Extension economist in most of the Agricultural Research and Extension Centers; a welcome addition after a 15 year absence in some Extension districts. Recent budget reductions FY 2011 and FY 2012 have again begun to erode the Extension Economics unit’s presence in some districts.

Two primary “banner” programs operate under the risk management umbrella:

 The Master Marketer Program combines three successful concepts: intensive education, the Master Volunteer and marketing clubs. Producers are trained in advanced risk management and marketing techniques during an intensive 64-hour program and then extend that knowledge to other producers by providing leadership for marketing clubs. Since 1996, there have been 23 programs held across the state training more than 990 producers and agribusiness men and women. Graduates of the program have started or revitalized more than 100 marketing clubs across the state. Their efforts have been and will be critical in increasing marketing and management skills of a much larger number of producers. Graduates are surveyed 2 ½ years after graduation to determine the educational effectiveness and the bottom line impacts of the program. The survey results indicate a major improvement in the knowledge/understanding, and adoption of a wide array of risk management/marketing tools covered in the program. As a result of these improvements, graduates indicate that they have increased their receipts, on average, by $35,928 annually.

 The Financial and Risk Management (FARM) Assistance Program has as its primary objective to provide long-term, strategic financial analysis for Texas farmers and ranchers

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in an effort to provide them with the information necessary to make better management decisions. These analyses, which are conducted on an individualized basis, provide producers with an independent assessment of the financial strengths and weaknesses of their current agricultural operation as well as an estimate of the risks inherent in their operations. Additionally, the FARM Assistance program enables participants to evaluate the impacts of alternative production activities on their operations and gauge how those impacts compare with current business activities.

Because of data collected from individual farmers and ranchers throughout the state of Texas, FARM Assistance maintains an extensive database of financial information that is used to conduct research on agricultural industry topics ranging from emerging trends to state and federal legislative impacts. This wide cross-section of data provides a unique opportunity for industry groups, policymakers, individual producers, and others to obtain insight into topics that affect Texas agriculture and, consequently, make more informed decisions. Over the last several years the FARM Assistance team has been providing valuable and timely responses regarding the potential impact of tax alternatives on Texas farms and ranches as the Texas legislature considered changes in the state tax systems. In the spring of 2006, the Governor’s appointed Commission released its proposal for property tax reduction and a redesigned franchise tax. Agriculture industry leaders called on the FARM Assistance team to evaluate the potential impact of the proposal on agricultural producers. By the start of the special legislative session called to address the proposed tax provisions, the FARM Assistance team had conducted and published an objective analysis of the tax proposals. In addition to providing the published analysis, the FARM Assistance team was invited by legislative leaders to present and discuss the potential impacts to a well-attended meeting of legislative members in preparation for the session. Since 2005, the FARM Assistance team has been involved in two different multi-year water projects that have utilized the FARM Assistance model and analysis framework to study long-term impacts/costs/benefits to participating producers who are exploring the adoption of various water saving technologies.

In addition, the Extension Economics program unit has several high-profile programs of note. A few of these are:

 The Executive Program for Agricultural Producers (TEPAP) teaches advanced agribusiness skills such as strategic management, macroeconomics, niche market evaluation, analyzing and forecasting financial positions, personnel management, and negotiation strategies. The program, in its 22nd year, coordinated by a Texas AgriLife Extension Service economist, and is sponsored by Farm Credit System, John Deere, and DTN. Program attendees spend two intensive weeks in classroom sessions with some of the most prominent agricultural economists and agribusiness specialists from across the U.S., many of whom also own, manage or participate in large-scale farming and ranching operations. After the daily class sessions, participants take part in individual study and roundtable discussions with their classmates – who include some of the leading producers in the U.S. and from around the world. The 1500 past participants have come from 43 different states across the U.S., Argentina, Australia, Brazil, six Canadian provinces,

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Chile, Mexico, and Paraguay; the participants represent family farms and ranches that generate annual sales equal to more than 5% of total U.S. agricultural output.

 The Association of Agricultural Production Executives (AAPEX) was organized sixteen years ago as the alumni group of the TEPAP program. The group meets annually for three days. The program promotes continuing networking, seminars, case studies and panels on emerging issues affecting commercial agriculture. AAPEX has also conducted co-sponsored mid-year meetings with Texas AgriLife Extension on (1) Macroeconomic Impacts on Producer Decision Making, (2) Negotiation Strategies, (3) Peer Advisory Groups: Best Practices and Alternative Structures, and (4) Risk Mitigation Strategies and Counterparty Risk Assessment.

 Beef Cow-Calf Standardized Performance Analysis (SPA) is designed to help cow-calf producers reduce their cost of production and improve their production and marketing efficiency. The program was originally initiated by the National Cattlemen’s Beef Association’s (NCBA) as a producer-led effort because no standardized method of performance analysis existed in the cow-calf industry. The objective of SPA is to help cow-calf producers achieve their goals by effectively analyzing their production and financial performance. Participants complete an in-depth financial and production analysis of their cow herd with the help of Extension faculty members using the standard methodology.

 Texas AgriLife Extension Service conducts workshops and provides more than 55 spreadsheet based decision support aids for cow-calf producers that can be utilized in workshops, or as stand-alone tools. These decision support aids fall into the following eight main topic areas: (1) cattle records, (2) financial planning budgets and investment analysis, (3) resource descriptions, (4) forage, range, hay and feed economics, (5) land leasing and investment, (6) marketing, (7) retained ownership-sell or keep analysis, (8) miscellaneous.

 The current Trade Adjustment Assistance (TAA) for Gulf and South Atlantic Shrimp Fishermen program has an aggressive training requirement. Applicants must first complete a three-hour Initial Orientation (IO) training session to maintain their status as an approved applicant. In the second phase of training, called Intensive Technical Assistance (ITA), applicants must complete twelve hours of training. The training materials were translated into Spanish (20% of Texas applicants) and Vietnamese (63% of Texas applicants) for distribution to all operators in the shrimp-trawl fishery across the Gulf and South Atlantic states.

 Profitability Workshops concentrate on helping producers to be able to accurately estimate their bottom line as a result of current costs and prices. Since the beginning of the project supported by the Texas Cotton State Support Committee, more than 400 producers have been trained to use the comparative profitability spreadsheet in one-day workshops. About 5,000 CDs containing the spreadsheet have been distributed while the spreadsheet continues to be downloaded from the Profitability website at least 2,000 times each year. Through this project, Texas producers have access to a user-friendly

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spreadsheet to quickly and accurately determine the impact of changes in input prices and emerging technologies on profitability. The objective of this project is not only to continue to make the spreadsheet more and more effective and accurate but also more user-friendly and current at all times.

 Rising uncertainty has greatly increased the importance of accurate financial record keeping. However, inadequate record keeping is a common problem encountered by lenders. Producers often face pressure from banks to computerize records and improve financial competency. QuickBooks® Financial Software from Intuit, Inc. is used to teach computer short courses. QuickBooks is a double entry business accounting program that can be adapted for agricultural use. All materials developed for this course are designed to specifically address the record keeping needs of farmers and ranchers. Class participants learn the program through industry specific case studies and examples. A traveling computer lab provides hands-on experience to each producer. These workshops enable farmers and ranchers to increase their financial analysis capabilities allowing them to make better management decisions.

 The Risk Management Toolkit for Beginning Farmers & Ranchers project aims to educate young and beginning farmers and ranchers on a wide range of risk management tools, including futures and options, crop insurance, enterprise selection, and calculation of breakeven prices. The project uses targeted, user-friendly iPhone/iPad apps to help the producers make more accurate decisions for reducing production and price risk. In-person workshops train the producers to use the apps. The producers develop a written marketing plan that incorporates budgeting and enterprise selection, pricing strategies, and crop insurance decisions. The apps enable them to make these decisions using their iPhone/iPad on the tractor or truck or wherever they need to be.

 Texas Cotton/Grain Risk Management Workshop focuses on cotton/grain market outlook, crop insurance and marketing. The objective of the workshop is to inform producers in making their planting decisions, crop insurance sign-up, and marketing plan development. The workshop is conducted by Extension Grain and Cotton Marketing Specialists. Incorporated in the workshop is an overview of current crop insurance policies, market outlook for cotton and feed grains, and the implications of both for planting and marketing decisions. The workshop concludes with a hands-on decision game where participants choose crop mix, insurance products, pre-harvest marketing strategies, and post-harvesting marketing strategies. The program is a realistic learning exercise to integrate the discussion about crop mix, production costs, insurance, marketing, and risk.

 Annie’s Project was a collaborative partnership between Texas AgriLife Extension, Prairie View A&M University, and Texas Tech University. The Annie's Project curriculum consists of six sessions (three hours each) where participants are provided with agency and local expertise to provide information addressing farm/ranch risk management education in five essential areas: human/personnel, production, marketing, financial, and legal risk management. In addition to the Texas leadership team, local

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professionals are used to share their insights on risk management topics and acquaint participants with a network of contacts accessible at the conclusion of the program.

 For the past 38 years Extension has supported an educational program for professionals that assist Texans with proper tax reporting and planning. Generally six different courses at 60 locations are presented, and 3,500 professionals attend these sessions. Of the participants, typically 65% are CPA’s, 15% IRS Enrolled Agents, 3% attorneys, and the balance other non-licensed professionals and staff members in professional offices. The professionals in attendance report serving more than 500,000 Texans.

 A major effort of tax education is to assist farmers/ranchers with their tax issues. This is done with two educational thrusts. First, educational programs for farmers and ranchers to assist them in “what to tell their professional tax advisors.” These workshops also help producers stay up-to-date with current law so they can make tax wise management decisions. Second, for 25 years, a special series of Tax Practitioner Workshops has been delivered to assist tax professionals in the proper reporting and planning of tax matters for farmers and ranchers.

 Financial planning for rural residents’ educational project is an effort to bring rural residents educational programs covering new and emerging services. The workshops cover the wide array of services that exist and how some of the newer services could be advantageous to rural residents.

 Commodity Price and Policy Outlook presentations are still popular at county and regional programs, and are provided by many of the campus-based and off-campus based faculty members. Faculty members who are assigned duties related to the marketing of cotton, grains, livestock, horticulture and policy generate Outlook materials for their own presentations, and share those materials with their co-workers to incorporate into their own presentations. These Outlook presentations provide a framework for economic education. Audiences include commercial farmers, agribusiness managers, and land owners.

 Economic Impacts of Extension programs led by the Agricultural Economics program unit analyzes selected representative Extension programs across the breadth of the Texas AgriLife Extension Service to determine their impacts and demonstrate economic accountability to the State of Texas. This is a multidisciplinary effort that has involved 15 Extension units, all 12 district research and extension centers, and several county extension offices. Texas AgriLife Extension Service conducts an ongoing needs assessment process involving long-range strategic planning, stakeholder input, and program evaluation. The educational programs implemented locally may vary, given differing needs, stages of adoption, and creativity of local citizens and communities. To document the ultimate success of Extension education, the Agricultural Economics program unit, formally analyzes selected, representative programs to determine their impact. Results of these analyses are used to generate economic impact reports for selected programs that provide insight into the value of Extension programs (http://ageconext.tamu.edu/resources/library/economic-impact-

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studies.html). These reports are used in discussions with elected officials at the state, federal, and local levels, contract and grant funding agencies/organizations, and clientele and stakeholder groups.

 The Kids & Kows & More program teaches children the importance of agriculture in our society, showing where our food and fiber actually comes from. In 70+ youth related programs, including Kids and Kows and More, across the states of Texas, New Mexico, and Oklahoma, the programs reach more than 50,000 students and educators each year. Exhibits in an area are tailored according to what is grown and important to that region. Exhibits may include cotton, pecans, water, citrus, bees, wildlife, alfalfa, hay, livestock, peanuts, beef, horses, curds & whey or the making of cheese. Every program has the mobile dairy classroom present, where the children are taught the nutritional importance of milk, learn how it is made, and where it actually comes from. Curriculum is given to each teacher that attends the program. Essay contests are held and the top winners receive ice cream parties for their classes and a $100 savings bond for the student that wins. The program is sponsored by Texas AgriLife Extension Service, New Mexico Cooperative Extension Service, Oklahoma State Extension, and Southwest Dairy Farmers. Individual programs are co-sponsored by commodity groups such as Texas and New Mexico Farm Bureau, Beef Councils, West Texas Pecan Association, and others.

Sources and Trends of Extension Grant and Contract Funding (FY2003–FY2011)

For a listing of grant and contract awards for FY2011 and FY2010, please refer to Appendices E1 and E.2.

Table E.1. $727,392 FY08 $2,129,942 Total Grant and Contract Awards by Fiscal YearFY03

FY04 $1,406,336 FY09 $1,828,647

FY05 $3,593,649 FY10 $923,593

FY06 $2,072,915 FY11 $767,041

FY07 $2,395,070

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Table E.2. Sources of Grants and Contracts in Recent Years Commodity Organizations Government Organizations Texas Corn Producers USDA/CSREES Texas Wheat Producers USDA/RMA Cotton Inc. USDA/FAS Texas Peanut Producers Board USDA/ARS Texas Landscape & Nurserymen Association USDA/Rural Development Turfgrass Producers of Texas Texas A&M Sea Grant Program Texas Cotton State Support Committee New Mexico State University Southwest Dairy Producers Texas Tech University Texas Grain Sorghum Producers Southwest Texas State University Texas Farm Bureau State Energy Conservation Office Gulf States Marine Fisheries Commission Texas Agricultural Experiment Station Texas Food and Fiber Commission Private Companies North Carolina A&T University John Deere City of Garland Farm Credit System Harlingen Irrigation District Pioneer Hi-Bred Texas Water Development Board Monsanto North Plains Groundwater Cons. District West Texas Spaceport Development Corp. Panhandle Groundwater Cons. District Lake Lewisville Association High Plains Underground Water Conservation Elite Milk Producers Inc. District No. 1 Freese & Nichols Telvent/DTN Farm Journal Media AGConnect

Contacts, Contact Hours, etc., for 12-Month Period (Calendar Year 2010)

Group Methods as Lead Specialist

Total Attendance at Group Methods 122,373 Total Contact Hours in Group 164,363

Group Methods in a “Team” or Support of County Programs

Total Attendance at Group Methods 67,093

Contacts Via Individual Methods

Office 2,117 Site 4,137 Phone 16,289 Mail/E-mail 116,884

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Contacts Via Newsletters / Web / Mass Media

Number of Newsletters 193 Newsletter Contacts 73,680 Webpage visits 690,155 Web – unique hosts 218,346 TV and Radio appearances 220 Viewing Audience 8,977,500

Web Presence

The Extension Economics program unit has a substantial web presence. The main website for the Unit is found at http://agecoext.tamu.edu. In addition, various groups/programs and individual faculty members have their own dedicated Web sites. While some of these are housed on campus, several are housed at various district offices. Our main site had 218,346 (unique hosts) visitors last year and served 690,155 page visits of information.

As with all web sites, over time there is a need to refresh the look, layout and content of our main site, to keep it relative to our users and to keep them coming back. In 2006, the unit moved to a more seamless integration of our varied offerings. The site utilizes a content management system (CMS) to facilitate a more distributed contribution of content. Faculty and staff are able to add or update content from any computer with an internet connection. This has provided for a more collaborative, current and informative web site. This has also helped our faculty members concentrate on their program areas without having the added burden of maintaining separate websites. The website is currently under reconstruction during Fall 2011 to realign the current look and feel of the site to that selected by Extension Administration and the College.

Publications

Faculty and staff in the Extension Economics program unit develop a significant number of publications oriented toward clientele ranging from Extension Reports (FARM Assistance reports and district based enterprise budgets) to bulletins and newsletters. This past year, members of the unit authored and co-authored 26 journal articles in scientific journals and participated in 49 other research oriented publications many of these were joint products with production specialists at district centers and / or on campus. An indicator of the unit’s expertise being sought after by the general public is the 46 articles written in 2010. In an attempt to reinforce the training provided at educational events, the Extension Economics Program Unit traditionally develops handouts for participants to use after they leave the educational program.

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Table E.3. Publications by Extension Faculty

Publications (Calendar Year) 2006 2007 2008 2009 2010

Extension Publication 37 40 116 116 53 Center Papers 10 11 36 12 14 Posters at Meetings 7 16 5 5 12 Selected Papers 19 21 30 11 Journal Articles 6 16 15 18 26 Invited Papers 1 1 4 6 3 Proceedings 11 34 14 17 44 Popular Press Articles 43 19 11 12 46 Books/Chapters 3 3 3 0 2

Quality Indicators

Individuals and teams have earned a regional/national reputation for developing innovative programs aimed at addressing clientele needs. The Master Marketer, FARM Assistance, TEPAP, SPA, TAA, and Farm Bill Analysis programs are examples of specialists anticipating clientele needs, and developing programs to meet those needs. While there may be many ways to identify quality, awards are one measure of the quality that might help identify quality of the contributions of the Extension Economics Program Unit. Over the past 16 years, members of the unit have been involved in 23 award-winning teams while 47 different individual awards have been received. The Master Marketer, FARM Assistance, SPA, TAA, and Policy Teams have all received both system wide and national awards in recent years. A full listing of awards received can be found in Appendix P.5 and P.6.

Awards (1996–2011) Number Group 23 Individual Awards 47

Future Directions/Priorities

Two of the keys to future success for the Extension Economics program unit will be to continue to develop forward-looking, innovative programs, and make strides in timely / efficient delivery of education/analysis and economic information through improved technology. The former has been a staple of the group while the latter is an area where more investment in both human capital and equipment will be required to fulfill today’s changing environment of reduced operating budgets and customers wanting ‘information on demand.’

An issue/challenge for the Extension Economics program unit in recent years has been the retirement of nationally recognized leaders in their subject matter specialties. Since 2004, 12 campus-based and district-based faculty members have retired or been promoted out of the program unit. Many of these individuals have risen to positions of regional/national prominence in their subject matter areas. It has been a challenge for existing and new faculty members to

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replace them and grow into those leadership roles. Budget constraints have not allowed for all of those positions to be refilled, so it has been imperative that we identify the highest priority positions and fill those with the best possible faculty members to lead the program unit into the future. The diversity of subject matter to be covered by district-based economists necessitates a supportive team with statewide responsibility for developing “cutting-edge” materials in specialized areas for sharing with all unit members. There has been higher turnover in the Program Specialist ranks, as agribusiness firms look to us as a good training ground, and can often offer more competitive salaries.

The technology of web-assisted learning is changing rapidly, and it is inefficient for the faculty members in the unit to spend valuable time doing operational work on web delivery tools. Yet, it is being done now by necessity. Because of both a limited support in the web-based training arena and some reluctance among producer audiences, there has been hesitance on the part of specialists to develop web-based educational products. We will need to continue to enhance our internal skills and develop additional support resources to provide cutting-edge products and services to meet the evolving needs / expectations for our clientele.

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Appendices Appendix O.1 Agrilife Research and Extension Centers...... 154 Appendix P.1 Listing of Faculty and FTE’s as of September 1, 2011 ...... 157 Appendix P.2 Adjunct Faculty ...... 160 Appendix P.3 Extension Program Specialists ...... 161 Appendix P.4 Professional and Support Staff...... 162 Appendix P.5 History of Faculty Awards ...... 163 Appendix P.6 Staff Awards ...... 174 Appendix P.7 Listing of Service Activities by Faculty ...... 176 Appendix R.1 Contracts and Grants FY2011 – AgriLife Research Awards ...... 176 Appendix R.2 Contracts and Grants FY2010 – AgriLife Research Awards ...... 178 Appendix R.3 Contracts and Grants 2010 and 2011 – Office of Sponsored Research Awards . 181 Appendix U.1 Agricultural Economics Undergraduate Curriculum, Freshman/Sophomore Years ...... 182 Appendix U.2 Finance and Real Estate Option ...... 184 Appendix U.3 Food Marketing Systems Option...... 186 Appendix U.4 Policy and Economic Analysis Option...... 188 Appendix U.5 Rural Entrepreneurship Option ...... 190 Appendix U.6 Curriculum in Agribusiness ...... 192 Appendix U.8 Undergraduate AGEC Courses Taught ...... 197 Appendix U.9 American Agricultural Economics Association Student Paper and Presentation Competition...... 202 Appendix U.10 TAMU AGEC Teams That Placed at SS-AAEA Academic Bowl Competition ...... 203 Appendix Table U.11 TAMU Students Serving as SS-AAEA National Officers ...... 204 Appendix Table U.12 TAMU Undergraduate Club Awards Presented by the SS-AAEA ...... 204 Appendix U.13 TAMU AGEC Teams that Placed at the NAMA Student Marketing Competition ...... 205 Appendix U.14 TAMU AGEC Teams that Placed at the FDRS Food Marketing Challenge .... 206 Appendix G.1 Graduate Student Awards...... 207

152 Appendix G.2 Graduate Course Enrollment History since Fall 2005 ...... 210 Appendix G.3 Graduate Course Listings – Agricultural Economics (AGEC) ...... 216 Appendix G.4 Courses for Master of Science Degree ...... 220 Appendix G.5 Initial Placement of M.S. Graduates, Agricultural Economics Fall 2003–Summer 2011...... 221 Appendix G.6 Listing of PhD Course Curriculum ...... 229 Appendix G.7 Initial Placement of PhD Graduates, Agricultural Economics Fall 2003–Summer 2011...... 230 Appendix I.1 Articles and By-Laws of the Intercollegiate Faculty of Agribusiness ...... 236 Appendix I.2 Current Members of the Intercollegiate Faculty of Agribusiness...... 244 Appendix I.3 MAB Program Summary and Course Requirements ...... 245 Appendix I.4 Master of Agribusiness: Typical Schedule ...... 246 Appendix I.5 Student Self Evaluation and Learning Assessment ...... 247 Appendix I.6 Skills Audit ...... 252 Appendix I.7 PhD in Agribusiness and Managerial Economics Program Summary and Course Requirements ...... 254 Appendix I.8 Field Area Requirements for PhD in Agribusiness and Managerial Economics .. 257 Appendix E.1 Contracts and Grants FY 2011 – AgriLife Extension Awards ...... 259 Appendix E.2 Contracts and Grants FY 2010 – AgriLife Extension Awards ...... 263

153 Appendix O. Overview

Appendix O.1. AgriLife Research and Extension Centers

Amarillo – The broad mission of the Texas AgriLife Research and Extension Center at Amarillo, a unit of The Texas A&M System, is to serve the citizens of Texas, the nation and world through research, education and service, which create vital economic, environmental and societal benefits. Our programs in the Panhandle will achieve and maintain preeminence in Texas and nearby states in cattle feedlot nutrition; water and air quality for concentrated animal feeding operations; wheat breeding and genetics; precision agriculture; integrated crop and livestock production systems; irrigation water management; crop physiology; plant pathology; and integrated pest management for grain crops.

Beaumont – The Texas AgriLife Research and Extension Center at Beaumont is an international leader in the development of improved rice cultivars and superior rice production and management systems, and is recognized for its strengths in quantitative analysis of cropping systems interactions. The Center is increasingly recognized for the development and use of marker-assisted selection methods, and has undertaken major research efforts in developing bioenergy crops and superior bioenergy crop production and management systems. As an important component of its teaching mission, the Center heavily invests in graduate student training.

Corpus Christi – Scientists at the Texas AgriLife Research and Extension Center at Corpus Christi are developing improved cropping systems for better land and water management decisions, animal reproduction and rangeland resources for livestock and wildlife, shrimp production system for reduced environmental impacts, sea urchin production systems for human health and ecotoxicological research, and computer models to evaluate crop management decisions and economic impacts of technology changes.

Dallas – The AgriLife Center in Dallas is a gateway to science and public outreach for the Dallas-Fort Worth Metroplex. Working through two Texas A&M System agencies – Texas AgriLife Research and Texas AgriLife Extension Service – the Center produces science-based research, technologies and educational programs to help urban clientele manage and conserve natural resources. Research and education programs at the AgriLife Center at Dallas resolve issues that include the biology, management, utility, adaptability, genetic improvement and pest problems of plants used in Texas landscapes; water conservation and management; energy conservation; and issues related to the diverse green industry. A primary goal is to improve urban and suburban environments through responsible use of natural resources. The Center also serves as headquarters for AgriLife Extension District IV, east Regional Program Director for Agriculture and Natural Resources, and east Regional Program Director for Family and Consumer Sciences.

Ft. Stockton – Serving far West Texas through research and education in environmental systems management, including air and water quality, food, feed and fiber production, animal nutrition

154 and health, and natural resource conservation and protection. 4-H and Youth Development is a cornerstone of personal development for youth to reach their full potential. Our outreach programs and services provide quality, relevant ‘real learning for real life’ for the people and communities of far West Texas Extension District 6.

El Paso – Scientists at the Texas AgriLife Research and Extension Center at El Paso develop new, innovative technologies and methods to improve water-use efficiency, increase water supplies and protect water quality. Center scientists have received recognized and awards for their research in waterborne pathogen detection, soil and water salinity management, reclaimed water use, desalination concentrate alternatives, ground-surface water management, and evaluation of the economic impacts of technology and policy changes.

Lubbock – The Texas AgriLife Research and Extension Center at Lubbock is located in a semi- arid agriculture region with over 6 million acres of dryland and irrigated crops. Texas Tech and USDA-Agriculture Research Service are major partners in meeting the needs of this region. Eleven faculty members maintain joint appointments with Texas Tech University.

Overton – The focus of the AgriLife Research and Extension Center at Overton is discovery of new economically and environmentally significant agricultural principles and technology transfer of these principles and production applications. Research projects are designed to yield decision-making information to increase efficiency and quality of agricultural production; maintain or enhance quality of the environment and natural resources; and to identify and address new emerging issues. This approach aids clientele to maintain profitable production and benefits consumers by ensuring consistent supplies of high quality products at equitable cost. The role of AgriLife Research is to conduct basic and translational research under East Texas conditions and to relate research from other locations to the solution of production and environmental problems here. Faculty at Overton maintain frequent contact with clientele of the region and keep informed of the research needs as viewed by these citizens. Research at Overton is focused on providing new knowledge which will enhance efficiency and quality of agricultural production and environmental quality in East Texas and meet future needs of an expanding clientele.

Pecos – N/A

San Angelo – Scientists at the Texas AgriLife Research and Extension Center at San Angelo develop technologies that enhance sustainable utilization of rangelands, the major land resource type in west central Texas by sheep, goat, cattle and wildlife.

Stephenville – With a growing urban influence in a traditionally rural setting, Texas AgriLife Research at Stephenville recognizes our society's shifting needs and priorities in agriculture's food, fiber, natural resources and environmental management systems. Our scientists develop applicable technologies to sustain healthy ecosystems while ensuring safe and plentiful food production. Current efforts focus on 1) mitigating the rural and urban carbon footprint, 2) expanding biofuel feedstock, 3) peanut breeding to develop genetic resistance or tolerance to diseases and insects, 4) utilizing native plant germplasm to restore grassland ecosystems, 5) sustainable management of insect-transmitted plant diseases, 6) developing cropping systems that result in healthier watersheds.

155 Temple – Scientists at the Texas AgriLife Research and Extension Center at Temple are improving soil and water natural resources by developing new technologies and methods to improve management of agricultural, urban and military land and water resources, enhancing educational resources via an interactive videoconferencing network, and using computer models to evaluate economic and environmental impacts of land management practices.

Uvalde – The Texas AgriLife Research and Extension Center at Uvalde serves southwest Texas, an area distinguished by rechargeable water resources and unique opportunities for wildlife- based tourism enterprises, as well as the opportunity to produce healthful foods such as vegetables and beef. Thus, the research focuses on conservation of regional aquifers/ rivers through sustainable, ecologically sound systems of management and the provision of experiences desired by the citizens of Texas, including tourism; tender, juicy, flavorful lean beef and vegetables rich in antioxidants for health. These programs are designed to create a sustained prosperity for the region.

Vernon – The Texas AgriLife Research and Extension Center at Vernon develops restoration and management strategies for sustainable use of rangelands, concentrating primarily on stream water quality, potential biofuel sources, fire and grazing impacts, and integrated wildlife and rangeland management. The Center also strengthens forage/ livestock production systems to sustain year-round grazing, reduce the economic costs of wheat pasture bloat, reduce purchased feed costs for beef herds, and increase beef production efficiency from forages. Finally, the Center develops sustainable, water-efficient crop and tillage systems, with emphasis on subsurface drip irrigation, soil health, dryland crop production practices and new varieties of wheat and triticale for grain and beef production in the Rolling Plains.

Weslaco – Utilizing the latest advances in molecular biology and biotechnology, genomics, plant breeding, agronomy and entomology, scientists at the Texas AgriLife Research and Extension Center at Weslaco are developing next generation crops and sustainable production systems for the vegetable, citrus and sugarcane industries and for emerging high priority markets such as biofuels and agri-medicine.

156 Appendix P. Personnel

Appendix P.1. Listing of Faculty and FTE’s as of September 1, 2011

FTE Name Title Location FTE COALS FTE AgriLife Extension Total FTE Abeygunawardena, Piya* Professor College Station 0.1215 0.1215 Amosson, Stephen Prof & Ext. Spec. Amarillo 1.00 1.0 Anderson, David Prof & Ext. Spec. College Station 1.00 1.0 Bennett, Blake Assoc. Prof & Ext. Spec Dallas 1.00 1.0000 Bessler, David Professor College Station 0.5528 0.3639 0.9167 Bevers, Stanley Prof & Ext. Spec. Vernon 1.00 1.0000 Boadu, Fred Prof & Asst. Dept. Head College Station 0.6013 0.3154 0.9167 Capps, Oral Exec. Professor College Station 0.525 0.225 0.7500 Clary, Gregory Prof & Ext. Spec. Overton 1.00 1.0000 Conner, James* Professor College Station 0.3212 0.2514 0.5726 Dudensing, Rebekka Asst. Prof & Ext. Spec College Station 0.25 0.75 1.0000 Dunn, Richard Asst. Professor College Station 0.45 0.3 0.7500 Falconer, Lawrence Prof & Ext. Spec. Corpus Christi 1.00 1.0000 Griffin, Ronald Professor College Station 0.4363 0.5637 1.0000 Haby, Michael Prof & Ext. Spec. Corpus Christi 1.00 0.5200 Higgins, Lindsey Instr. Asst. Prof College Station 0.75 0.7500 Hogan, Robert Asst. Prof & Ext. Spec Fort Stockton 1.00 1.0000 Ishdorj, Ariun Asst. Professor College Station 0.6875 0.2292 0.9167 Johnson, Jason Assoc. Prof & Ext. Spec Overton 1.00 1.0000 Jones, Eluned Professor College Station 0.6975 0.2192 0.9167 Klinefelter, Danny Prof & Ext. Spec. College Station 0.2887 0.71 1.0000 Klose, Steven Assoc. Prof & Ext. Spec College Station 1.00 1.0000 Lacewell, Ronald* Asst. Vice Chancellor College Station 0.4395 0.4395

157 FTE Name Title Location FTE COALS FTE AgriLife Extension Total FTE Leatham, David Prof & Assoc. Dept. Head College Station 0.5778 0.3389 0.9167 Litzenberg, Kerry Professor College Station 0.651 0.1823 0.8333 McCarl, Bruce Dist. Professor College Station 0.3615 0.4718 0.8333 Menzies, Dusty Asst. Lecturer College Station 1 1.0000 Mjelde, James Professor College Station 0.4167 0.4167 0.8334 Nelson, A. Gene Senior Professor College Station 0.3735 0.3735 Newburn, David Asst. Professor College Station 0.4607 0.456 0.9167 Ng, Desmond Assoc. Professor College Station 0.875 0.8750 Nichols, John Department Head & Prof College Station 0.3725 0.3254 0.3021 1.0000 Norton, Roger* Research Professor College Station 0.0741 0.0741 Outlaw, Joe Prof & Ext. Spec. College Station 1.00 1.0000 Palma, Marco Asst. Prof & Ext. Spec College Station 1.00 1.0000 Park, John Prof & Ext. Spec. College Station 0.3657 0.63 1.0000 Park, Seong Asst. Prof. Vernon 1 Penson, John Professor College Station 0.4584 0.4584 0.9168 Ribera, Luis Assoc. Prof & Ext. Spec Weslaco 1.00 1.0000 Richardson, James Professor College Station 0.457 0.3763 0.8333 Rister, Ed Prof & Assoc. Dept. Head College Station 0.4178 0.3322 0.7500 Robinson, John Prof & Ext. Spec. College Station 1.00 1.0000 Rosson, Parr Prof & Ext. Spec. College Station 0.1594 0.1744 0.56 0.8978 Salin, Victoria Assoc. Professor College Station 0.5466 0.3284 0.8750 Shaw, William Professor College Station 0.7133 0.0368 0.7501 Siebert, John Professor College Station 0.7959 0.0791 0.8750 Smith, Jackie Prof & Ext. Spec. Lubbock 1.00 1.0000 Stokes, Ken Stephenville Thompson, William Asst. Prof & Ext. Spec San Angelo 1.00 1.0000 Vedenov, Dmitry Assoc. Professor College Station 0.5624 0.2709 0.8333 Waller, Mark Prof & Ext. Spec. College Station 1.00 1.0000 Welch, James Asst. Prof & Ext. Spec College Station 1.00 1.0000 Williams, Gary Professor College Station 0.3941 0.4392 0.8333

158 FTE Name Title Location FTE COALS FTE AgriLife Extension Total FTE Woodward, Rich Professor College Station 0.5106 0.4061 0.9167 Wu, Ximing Assoc. Professor College Station 0.42 0.455 0.8750 Zhang, Yvette Visiting Asst. Prof College Station 0.375 0.375 0.7500 Total 16.0223 8.7052 21.4817 46.9592 * Have appointments in units other than the Department of Agricultural Economics.

159 Appendix P.2. Adjunct Faculty

Faculty Member Title Location Joint Appt with Atwood, Jay Agricultural Temple Forest Science Economist Dyke, Paul T. Research Scientist Temple Gan, Jianbang "Jim" Associate College Station ESSM Professor Michelsen, Ari Professor & El Paso Resident Director Segarra, Eduardo Professor Lubbock Texas Tech Urutyan, Vardan Associate International Center for Professor Agribusiness Research and Education Armenian State Agrarian University Wang, Zijun Assistant Private Enterprise Research Professor Center, George Bush Academic Complex

160 Appendix P.3. Extension Program Specialists

Name Title FTE Major Responsibility Carol Faulkenberry Ext. Prog. Spec. 1.00 Risk Management Bridget Guerrero Ext. Prog. Spec. 1.00 Water and Econ. Impacts Diana Jones Ext. Prog. Spec. 1.00 Risk Management Gregory Kaase Ext. Prog. Spec. 1.00 Risk Management Dean McCorkle Ext. Prog. Spec. 1.00 Economic Accountability William Pate Ext. Prog. Spec. 1.00 Risk Management Sandra Pierce Ext. Prog. Spec. 1.00 Risk Management Emmy Williams Ext. Prog. Spec. 1.00 Marketing/Evaluation James Yates Ext. Prog. Spec. 1.00 Risk Management A. Mac Young Ext. Prog. Spec. 1.00 Risk Management

161 Appendix P.4. Professional and Support Staff

Name Position Location Adcock, Donna Office Associate College Station Adcock, Flynn International Program Coordinator College Station Braziel, Jennifer Business Associate III College Station Catlin, Angela Administrative Assistant College Station Cochran, Dee Office Associate College Station Cornforth, Gerald Research Scientist College Station Davis, Tracy Administrative Assistant College Station Ernstes, David Research Associate College Station Fazzino, Cindy Business Administrator College Station Frazar, Lisa Office Associate College Station Garrett, Russell IAMA Business Manager College Station Gerbig, Valerie Office Associate College Station Gleaton, Caroline Office Associate College Station Gonzalez, Alfred Extension Associate El Paso Hanselka, Daniel Extension Associate College Station Kilpatrick, Cheryl Administrative Assistant Stephenville Knapek, George Program Manager College Station Knight, Christy Senior Office Associate College Station Menzies, Dusty Assistant Lecturer College Station Merchant, Toni Accounting Assistant III College Station Moore, Connie Office Associate College Station Norman, Sandra Office Associate College Station Ofcazarzak, Bridget Office Associate College Station Ostensen, Rob Small Computer Oper. Supervisor College Station Outlaw, Natalie Systems Analyst College Station Pantoja, Norma Administrative Coordinator College Station Parker, John Extension Program Specialist Corpus Christi Peacock, Shelly Program Coordinator, Grad Pgm College Station Polk, Wade Extension Program Specialist II San Angelo Pryor, Suzy Computer Systems Manager College Station Smith, Sandy Office Associate College Station Smotek, Connie Administrative Assistant College Station Stover, Ashley Office Associate College Station Sturdivant, Allen Extension Associate Weslaco Vernon, Pam Senior Academic Advisor II College Station Warminski, Patrick Extension Program Specialist I Amarillo Willson, Kurt Small Computer Opera. Supervisor College Station Zinn, Michelle Administrative Assistant College Station

162 Appendix P.5. History of Faculty Awards

Year Awarded Name Sponsor Award Title 2010 Stephen Amosson AgriLife Extension Superior Service Award for Distinguished Career 2006 SAEA Lifetime Achievement 2005 AAEA Distinguished Extension Program – Individual – Ten or More Years' Experience 2005 AFS Distinguished Achievement Award for Continuing Ed/Ext/Prof Development 2003 TCE Regents Fellow Service Award 2003 TCE Epsilon Sigma Phi Mid-Career Award 2002 TCE Epsilon Sigma Phi State Team Award 2001 VC Vice Chancellor’s Award – Extension Education – Specialist 2001 AFS Distinguished Achievement Award for continuing Education/Extension – Professional Development – University Level 2000 USDA Secretary’s Award for Expanding Economic Trade 2000 WAEA Outstanding Extension Program for Career 1999 VC Vice Chancellor’s Award – Extension Education – Team 1998 AAEA Distinguished Extension Program – Team 1998 TCE Superior Service Award – Team 1997 SAEA Extension Program – Distinguished Professional Contribution 1994 TCE Superior Service Award – Team 1992 TCE Superior Service Award – Specialist 2003 David Anderson VC Vice Chancellor’s Award for Extension Education – Team 2003 AAEA Distinguished Extension Program – Team 2003 SAEA Distinguished Professional Contribution in Extension Program 1997 WAEA Outstanding Extension Program for Project

163 Year Awarded Name Sponsor Award Title 1997 AAEA Distinguished Policy Contribution 1997 AAEA Distinguished Extension Program – Team 1992 VC Vice Chancellor’s Award for Research – Team 2006 Blake Bennett AgriLife Extension Superior Service Award – Team 2011 David Bessler AAEA Fellows Award 2011 WAEA Distinguished Scholar TAMU Faculty 2007 Regents Professor Service Award Senate Distinguished Achievement Award 2006 AFS for Graduate Student Mentoring Presidential Awards for Excellence 2006 TAMU President for Faculty Service to International Students Vice Chancellor’s Award for 2004 VC Research – On-Campus 1989 SAEA Outstanding JAAE Publication Vice Chancellor’s Award for 1987 VC Graduate Teaching 2010 Stan Bevers Agrilife Extension Epsilon Sigma Phi Award – Mid- Career 2006 TCE Superior Service Award – Team 2002 SAEA Extension Program – Distinguished Professional Contribution 2000 USDA Secretary’s Award for Expanding Economic Trade 1999 VC Vice Chancellor’s Award for Extension Education – Team 1998 AAEA Distinguished Extension Program – Team 1998 TCE Superior Service Award – Team 1997 SAEA Extension Program – Distinguished Professional Contribution 1996 TCE Epsilon Sigma Phi Early Career Award 1995 VC Vice Chancellor’s Award for Extension Education – Team 1994 TCE Superior Service Award – Team

164 Year Awarded Name Sponsor Award Title 1991 TCE Superior Service Award – Specialist 2007 Fred Boadu AFS Distinguished Achievement Award for Teaching – College Level 1993 AAEA Quality of Communications 2011 Oral Capps AgriLife Research Regents Professor Service Award 2011 VC Industry/Agency/Agency/Associatio n Partnerships 2011 WAEA Distinguished Scholar 2009 SAEA Lifetime Achievement 2007 AAEA Presidential Recognition for Special Service to the Organization 2003 AFS AFS Distinguished Achievement Award for Teaching – College Level 2002 VC Vice Chancellor’s Award for Research – On-Campus 2001 FDRS Frank Panyko Award for Distinguished Service 1999 AAEA Distinguished Graduate Teaching with More Than 10 Years 1999 VC Vice Chancellor’s Award for Team Research 1995 AFS AFS Distinguished Achievement Award for Teaching – College Level 2005 Gregory Clary VC Extension Education – Team 2003 TCE Superior Service Award – Team 1993 TCE Superior Service Award – Team 2000 Richard Conner SAEA Lifetime Achievement 1991 USDA Superior Service Award for Scientific Research 1984 VC Vice Chancellor’s Award for Team Research 1997 Gerald Cornforth SAEA Distinguished Professional Contribution in Extension Program 2011 Larry Falconer SAEA Outstanding Extension Program (Team) 2000 USDA Secretary’s Award for Expanding Economic Trade 2000 TCE Epsilon Sigma Phi Early Career Award 1995 VC Vice Chancellor’s Award for Extension Education – Team 1993 TCE Superior Service Award – Team 2003 Stephen Fuller SAEA Lifetime Achievement Award

165 Year Awarded Name Sponsor Award Title 2003 TAES Faculty Fellow 2003 Agriculture Program Regents Professor Service Award – University Level 1993 Ron Griffin AAEA Quality of Communications 2006 Michael Haby VC Extension Education – Team 2003 VC Vice Chancellor’s Award for Extension Education – Specialist 2000 TCE Superior Service Award – Specialist 2009 Lindsey Higgins TAMU Student-Led Award for Teaching Excellence 2006 Jason Johnson TCE Superior Service Award – Team 2003 TCE Epsilon Sigma Phi Early Career Award 2011 Eluned Jones AFS Distinguished Achievement Award in Graduate Mentoring 2011 Danny Klinefelter AgriLife Extension Regents Fellow Service Award 2010 AAEA American Agricultural Editors Association Distinguished Service to Agriculture Award 2009 Top Producer 25th Anniversary Edition, named one of the 25 people in the world who would have the greatest influence on the future of American agriculture 2006 SAEA Lifetime Achievement 2005 COALS COALS Honor Professor Award Distinguished Achievement Award 2002 AFS for Teaching – College Level 2001 SAEA Distinguished Extension Program Award 2001 VC VC Undergraduate Teaching 1998 AFS Distinguished Achievement Award for Continuing Education/Extension/ Professional Development – University Level 1997 VC VC Award in Excellence – Extension Education and Service – Specialist 1992 TCE Superior Service Award – Individual 1988 TAEX Superior Service Award – Team 1987 AAEA American Agricultural Economics Association, Quality of Published Communication Award 1987 TCE Superior Service Award – Specialist

166 Year Awarded Name Sponsor Award Title 2010 Steven Klose AAEA Distinguished Extension Program – Group 2010 SAEA Outstanding Extension Program (Team) 2008 AgriLife Extension Epsilon Sigma Phi Early Career Award 2008 AgriLife Extension Superior Service Award – Unit 2008 WAEA Outstanding Extension Program (for Project) 2003 AAEA Distinguished Extension Program – Team 2003 SAEA Extension Program – Distinguished Professional Contribution 2003 VC Vice Chancellor’s Award in Extension Education – Team 1997 AAEA Distinguished Policy Contribution 2005 Ron Lacewell WAEA Distinguished Scholar N/A WAEA Quality of Communication Award 2004 SAEA Lifetime Achievement 2003 Texas Tech Distinguished Alumni 2001 SAEA Lifetime Achievement 1998 TAMU Distinguished Performance Award – Agricultural, Team Research Forestry and Veterinary Complex 1998 VC Industry/Agency/Association Partnerships 1992 SAEA Outstanding JAAE Publication 1989 TAMU Distinguished Performance Award – Agricultural, Team Research Forestry and Veterinary Complex 1988 VC Vice Chancellor’s Award in Research – Team 1980 TAMU Distinguished Performance Award – Agricultural, Individual Research Forestry and Veterinary Complex 1980 Dept of Ag Econ Research Award 1988 David Leatham VC Vice Chancellor’s Award in Research – Team 2011 Kerry Litzenberg Conference on Award for Innovative Excellence in College Teaching & Teaching, Learning and Technology Learning

167 Year Awarded Name Sponsor Award Title 2011 USDA National USDA Food and Agriculture Sciences Excellence in Teaching Award 2010 AAEA Distinguished Teaching – Undergraduate – Ten or More Years' Experience 2010 TAMU President TAMU Presidential Professor for Teaching Excellence 2010 SAEA Lifetime Achievement 2009 VC Regents Professor Service Award 2003 Piper Minnie Piper Stevens Award 2002 TAMU Eppright University Professorship for Undergraduate Teaching Excellence 1997 AFS AFS Distinguished Achievement Award for Teaching – College Level 1996 VC Vice Chancellor’s Award in Student Counseling and Relations 1991 COALS COALS Honor Professor Award 1985 AFS AFS Distinguished Achievement Award for Teaching – Univ. Level 1985 AAEA AAEA Distinguished Teaching – Less than 10 years 1983 AFS AFS Distinguished Achievement Award for Teaching – College Level 2010 Bruce McCarl AFS Distinguished Achievement Award for Research 2009 AAEA Bruce Gardner Memorial Prize for Applied Policy Analysis 2009 AAEA Outstanding Choices Article Award 2009 TAMU President Presidential Award for Excellence for Faculty Service to International Students 2009 WAEA Distinguished Scholar 2008 AAEA Publication of Enduring Quality 2007 AAEA Presidential Recognition for Special Service to the Organization 2007 Other Nobel Peace Prize 2007 Sigma Xi Sigma Xi Distinguished Scientist 2006 TAES Senior Faculty Fellow 2005 AAEA Fellows Award 2002 TAMU Faculty Regents Professor Service Award – Senate University Level

168 Year Awarded Name Sponsor Award Title 1998 VC Industry/Agency/Association Partnerships 1994 AFS Distinguished Achievement Award for Research – University Level 1993 USDA Superior Service Award for Scientific Research 1992 VC Vice Chancellor’s Award for Research – On-Campus 2008 Dean McCorkle WAEA Outstanding Extension Program (for Project) 2007 AgriLife Extension Superior Service Award – Team 2006 TCE Superior Service Award – Specialist 2000 USDA Secretary’s Award for Expanding Economic Trade 2011 Jim Mjelde AFS Distinguished Achievement Award for Teaching – College Level 2004 Gene Nelson WAEA Distinguished Scholar 1996 VC Vice Chancellor’s Award for Administration 2010 John Nichols VC Vice Chancellor’s Award for Administration 2004 IFAMA Fellow Award 1999 VC Vice Chancellor’s Award for Research – Team 1998 VC Vice Chancellor’s Award for Research – Team 2011 Joe Outlaw SAEA Outstanding Teaching of a Course 2010 AAEA Distinguished Extension Program – Group 2010 SAEA Outstanding Extension Program (Team) 2008 AFS Distinguished Achievement Award for Continuing Ed/Ext/Prof Development 2008 AgriLife Extension Superior Service Award – Unit 2008 WAEA Outstanding Extension Program (for Project) 2007 AAEA Presidential Recognition for Special Service to the Organization 2003 AAEA Distinguished Extension Program – Team 2003 VC Vice Chancellor’s Award for Extension Education – Team

169 Year Awarded Name Sponsor Award Title 2003 SAEA Distinguished Professional Contribution in Extension Program 2002 TCE Epsilon Sigma Phi Early Career Award 2002 Farm Foundation Outstanding Public Issues Education Program 1997 AAEA Distinguished Policy Contribution 2011 Marco Palma SAEA Outstanding Extension Program –Team 2010 John Park AFS Distinguished Achievement Award for Teaching – College Level 2010 AgriLife Extension Epsilon Sigma Phi Award – Early Career 2010 WAEA Outstanding Undergraduate Teaching – Less Than 10 Years 2001 FDRS Patrick Byrne Award for Emerging Leadership 2011 John Penson AFS Distinguished Achievement Award for Teaching – University Level 2009 AFS Distinguished Achievement Award for Teaching – College Level 2007 AAEA Presidential Recognition for Special Service to the Organization 2007 SAEA Lifetime Achievement 2000 Agriculture Program Regents Professor Service Award – University Level 1997 AAEA Distinguished Policy Contribution 1993 COALS COALS Honor Professor Award 1992 VC Vice Chancellor’s Award in Research – Team 1992 AFS AFS Distinguished Achievement Award for Teaching – University Level 1985 AAEA AAEA Distinguished Undergraduate Teaching with More than 10 Years 1984 AFS AFS Distinguished Achievement Award for Research – University Level 1984 WAEA WAEA Outstanding Undergraduate Teaching – Less than 10 yrs. 1983 VC VC Undergraduate Teaching 2009 James Richardson ASFMRA Gold Quill Award 2009 Texas AgriLife Superior Service Award – Team Extension

170 Year Awarded Name Sponsor Award Title 2009 AFS Distinguished Achievement Award in Graduate Mentoring 2008 SAEA Lifetime Achievement 2008 VC Graduate Teaching 2008 WAEA Distinguished Scholar 2006 TAES Senior Faculty Fellow 2006 WAEA Outstanding Undergraduate Teaching – More than 10 Years 2005 AAEA Distinguished Teaching – Graduate – Ten or More Years' Experience 2003 Farm Foundation Outstanding Achievement in Public Issues Education Award 2003 USDA FSA Administrator’s Award for “partnering with USDA to provide nation’s farmers a web-based educational tool” – group award 2003 USDA FSA Administrator’s Award for Service to Agriculture 2003 AAEA Distinguished Extension Program – Team 2003 SAEA Distinguished Profession Contribution for Extension Program 2003 VC Vice Chancellor’s Award for Extension Education – Team 2002 TCE Director Director’s Award for Innovative Application of Information Technology in Extension Education 2002 Ag Program Regents Professor Service Award – University Level 2001 TAES Faculty Fellow 2000 COALS Honor Professor Award 1997 AAEA Distinguished Policy Contribution 1992 VC Vice Chancellor’s Award for Research – Team 1992 SAEA Outstanding JAAE Publication 1992 AFS Distinguished Achievement Award for Research – University Level 1990 VC Vice Chancellor’s Award for Extension Education – Team 1987 AAEA Quality of Communication 1983 AAEA Distinguished Extension Program – Team 2011 Ed Rister VC Teaching Undergraduate

171 Year Awarded Name Sponsor Award Title 2011 AFS Distinguished Achievement Award for Individual Student Relations 2011 VC Teaching Undergraduate 2008 VC Research Team 2003 AFS AFS Distinguished Achievement Award for Teaching – University Level 2001 AFS AFS Distinguished Achievement Award for Teaching – College Level 1995 VC Industry/Agency/Association Partnerships 1990 VC Vice Chancellor’s Award for Research – On-Campus 1989 SAEA Outstanding JAAE Publication 1987 USDA Superior Service Award for Scientific Research 2011 Parr Rosson SAEA Lifetime Achievement 2008 VC Vice Chancellor’s Award for Research – Team 2007 COALS Honors Professor Award 1997 AFS Distinguished Achievement Award for Continuing Education/Extension/ Professional Development – University Level 1996 COALS V.F. and Gertrude Neuhaus Teaching Scholars Award 1996 VC Vice Chancellor’s Award for Extension Education – Specialist 1995 SAEA Distinguished Professional Contribution in Extension Program 1993 TCE Superior Service Award – Individual 1992 VC Vice Chancellor’s Award for Research – Team 2010 John Siebert AFS Distinguished Achievement Award for Teaching – University Level 2004 SAEA Distinguished Professional Contribution for Outstanding Teaching of a Course 2001 COALS Honor Professor Award 2001 NACTA Teaching Award of Merit (Faculty) 1999 AFS AFS Distinguished Achievement Award for Teaching – College Level

172 Year Awarded Name Sponsor Award Title 2001 Jackie Smith TCE Epsilon Sigma Phi Mid-Career Award 2001 TCE Superior Service Award – Specialist 2000 USDA Secretary’s Award for Expanding Economic Trade 1999 VC Vice Chancellor’s Award for Extension Education – Team 1998 AAEA Distinguished Extension Program – Team 1988 TCE Superior Service Award – Team 2006 William Thompson TCE Superior Service Award – Team 2008 Mark Waller AgriLife Extension Superior Service Award – Unit 2000 USDA Secretary’s Award for Expanding Economic Trade 1999 VC Vice Chancellor’s Award for Extension Education – Team 1998 TCE Superior Service Award – Team 1998 AAEA Distinguished Extension Program – Team 1995 VC Vice Chancellor’s Award for Industry/Agency/Association Partnerships 1991 TCE Epsilon Sigma Phi Early Career Award 2009 James Mark Welch AAEA Premier Forecaster Award 2010 2011 2008 AgriLife Extension Superior Service Award – Team 1999 Gary Williams VC Vice Chancellor’s Award for Research – Team

Acronyms: AAEA =American Agricultural Economics Association NCSC= National Collegiate Sales Competition AFS=Association of Former Students SAEA=Southern Agricultural Economics Association ASFMRA=American Society of Farm Managers and TACC=Texas Agricultural Cooperative Council Rural Appraisers TAEX=Texas Agricultural Extension Service COALS=College of Agriculture and Life Sciences TAMU=Texas A&M University FDRS=Food Distribution Research Society, Inc TCE=Texas Cooperative Extension IFAMA=International Food and Agribusiness UCOWR=Universities Council on Water Resources Management Association USDA=United States Department of Agriculture NACTA= National Association of Colleges & Teachers VC=Vice Chancellor of Agriculture WAEA=Western Agricultural Economics Association

173 Appendix P.6. Staff Awards Year Awarded Name Sponsor Award Title 2007 Flynn Adcock VC Vice Chancellor’s Award for Research – Team 1995 Flynn Adcock SAEA Distinguished Professional Contribution in Extension Programs 2004 Cheryl Brock TCE Epsilon sigma Phi State Meritorious Support Service 2002 Tracy Davis TCE Epsilon Sigma Phi State Meritorious Support Service 2006 Brenda Duckworth TCE Superior Service Award – Team 1997 David Ernstes AAEA Distinguished Policy Contribution 2009 Caroline Gleaton TCE Superior Service Award 2002 Caroline Gleaton TCE Epsilon Sigma Phi State Meritorious Support Service 1998 Caroline Gleaton VC Vice Chancellor’s Award for Clerical Support On-Campus 2009 Dan Hanselka AgriLife Extension Superior Service Award 2009 Vicki Heard VC Vice Chancellor’s Award for Clerical Support On-Campus 2008 Diana Jones AgriLife Extension Epsilon Sigma Phi Early Career Award 2008 Diana Jones AgriLife Extension Superior Service Award – Unit 2008 Diana Jones WAEA Outstanding Extension Program for Project 1991 Sue Jones AAEA Distinguished Extension Program – Team 2001 Jaimie Malaga VC Vice Chancellor’s Award for Research Support On-Campus 1999 Connie Maldonado VC Vice Chancellor’s Award for Research – Team Student-Led Award for Teaching 2009 Dusty Menzies TAMU Excellence 2000 Clydean Norris TCE Epsilon Sigma Phi State Meritorious Support Service 2007 Norma Pantoja AFS Distinguished Achievement 2001 Norma Pantoja VC Vice Chancellor’s Award for Administrative Support On-Campus 2001 Connie Smotek VC Vice Chancellor’s Award for Clerical Support On-Campus 2009 Michele Zinn UCOWR Friends of UCOWR Award

174 Appendix P.7. Listing of Service Activities by Faculty (Based on Responses to a Faculty Survey)

Journal Asst. Editor Association National/Int. Faculty Member Editor Ed. Council Council/Office Committees Other Steve Amosson 4 David Anderson 3 2 Stan Bevers 1 Oral Capps 4 2 3 Richard Conner 1 Rebekka Dudensing 1 1 Larry Falconer 1 2 Ron Griffin 1 3 1 Mike Haby 1 Lindsey Higgins 2 Robert Hogan 4 Ariun Ishdorj 1 Jason Johnson 1 4 6 Danny Klinefelter 2 2 1 Steven Klose 7 4 Ronald Lacewell 1 1 David Leatham 1 Bruce McCarl 3 3 James Mjelde 1 1 1 Gene Nelson 1 1 1 John Nichols 1 1 1 2 John Park 1 4 3 3 John Penson 1 1 1 2 Luis Ribera 3 James Richardson 1 1 Edward Rister 2 Par Rosson 1 1 2 Douglas Shaw 4 1 1 John Siebert 1 1 Dmitry Vedenov 1 1 Mark Waller 1 Richard Woodward 4 1 Ximing Wu 1 1

175 Appendix R. Research

Appendix R.1. Contracts and Grants FY2011 – AgriLife Research Awards Source: http://agrilifeas.tamu.edu/cg/activity-reports/index.php

PI Title Source Begins Ends Award Capps, Jr., Oral Market Research on Promised Land Brand Milk Launch Agency 08/09/10 09/01/11 63,500 Dudensing, Rebekka An Initial Examination of the Economic Impact of South Texas 2/1/11 8/31/11 2,667 Nature Tourism on the Rio Grande Valley Nature Marketing Coop, Inc. An Economic Impact Analysis of Proposed Civic Childress 3/1/11 5/1/11 3,500 Center in Childress County, TX Economic Development Corp Griffin, Ronald Institutional Mechanisms for Accessing Irrigation N/A 9/1/10 8/31/12 102,443 District Water Jones, Eluned Understanding Feed Ingredient Markets: Research and Novus 6/15/10 6/15/11 24,990 Salin, Victoria Business Intelligence Support International, Inc Litzenberg, Kerry Academic Program Review and Assessment: USDA-ICD- 9/30/10 9/30/11 71,885 Agribusiness Teaching Center of the Armenian State FAS Agrarian University McCarl, Bruce Carbon Sequestration Project N/A 9/7/10 7/15/11 20,000 The National Center of Excellence for Zoonotic and US Dept of 7/1/10 3/31/11 145,179 Animal Disease Defense Homeland Security – Office of Domestic Preparedness Forestry and Agriculture GHG Model Development and EPA 7/1/10 6/29/13 84,174 Analysis Newburn, David Spatial Analysis Supporting a Study of Residential Ohio State 1/1/11 12/31/11 25,000 Development in Baltimore County University

176 Nichols, John P. Promote International Agribusiness Information N/A 9/1/10 8/31/11 106,572 Exchange Across the Food and Fiber Systems through the Annual IAMA World Congress Armenian Agribusiness Partnership II USDA-ICD- 4/5/10 12/30/11 69,863 FAS Outlaw, Joe Feedstock Sourcing for Chevron Refineries Chevron 1/24/11 4/30/11 59,738 Technology Ventures, LLC An Examination of Grain Sorghum Trade Flows and Texas Grain 1/3/11 1/3/12 15,000 Grain Sorghum Sorghum Penson, Jr., John B. Building Capacity of a USDA-Supported Agricultural USDA-OICD- 07/08/10 9/30/10 121,697 Credit Institution In Armenia Foreign Agriculture Service Richardson, James Analysis of Farm Policy Impacts on Texas Cotton Cotton, Inc. 1/1/11 12/31/11 12,500 Farms Economic Impacts of 2012 Farm Bill Proposals on US Cotton, Inc. 1/1/11 12/31/11 20,000 Cotton Producers Average Crop Revenue Election (ACRE) Decision Aid Cotton, Inc. 1/1/11 12/31/11 25,000 for Cotton Producers and Land Owners Regionalized Implications of Farm Programs on Crop USDA-NIFA 6/1/10 5/31/11 664,498 Farms Economic Impacts of Agriculture Policy on Natural Texas Tech 9/1/10 8/31/11 361,400 Fibers University System National Alliance for Advanced Biofuels and Donald 4/1/10 4/30/13 316,323 Bioproducts – An Algal Biofuels Research Consortium Danforth Plant Science Center Rosson III, C. Parr Impacts of Improvements in Brazil’s Transportation USDA/AMS 9/30/10 9/30/12 15,500 Infrastructure on the US Cotton Industry Impacts of Improvements in Brazil’s Transportation USDA-AMS 5/20/11 5/20/12 15,500 Infrastructure Salin, Victoria Research on Variability in Economic Impact of Food Resources for 5/15/11 10/15/11 10,429 Safety Regulations the Future Williams, Gary USB ROI Annual Data Collection United Soybean 10/1/10 12/31/14 100,000 Board

177 Appendix R.2. Contracts and Grants FY2010 – AgriLife Research Awards Source: http://agrilifeas.tamu.edu/cg/activity-reports/index.php

PI Title Source Begins Ends Award Capps Jr., Oral Dairy Research Sponsorship Southwest 12/01/09 08/31/10 20,000 Dairy Museum Faulkner, William B Harvest Efficiency & Fiber Quality Impact of Cotton 01/01/10 12/31/10 15,000 Modern Cotton Harvesting Machinery Incorporated Lacewell, Ronald D. Policy Analysis for a National Secure and USDA- 6/1/10 5/31/11 186,134 Sustainable Food, Fiber, Forestry and Energy National Program Institute of Food and Agriculture McCarl, Bruce A. An Analysis of Sorghum and Bioenergy under the United 6/28/09 11/15/09 19,871 Renewable Fuel Standard Provisions of the 2007 Sorghum Energy Independence and Security Act Checkoff program Analysis of Land Use Change Modeling of RTI 07/23/09 06/30/10 33,240 Biofuels International

Sorghum as a Bioenergy Feedstock under the United 4/20/10 8/30/10 20,644 Renewable Fuel Provisions of the Energy Sorghum Independence and Security Act of 2007 Checkoff Program Forestry and Agriculture GHG Model EPA 7/1/09 6/30/10 120,031 Development and Analysis Modeling the Economic Impacts in US Agriculture USDA Office 5/31/10 8/31/11 125,000 and Forestry of Implementing a National of the Chief Framework to Mitigate Greenhouse Gas Economist Newburn, David A. Additionality and the Adoption of Farm USDA- 07/29/10 09/30/11 16,358 Conservation Practices Economic Research

178 PI Title Source Begins Ends Award Service Agricultural Water Security and Instream Flows USDA- 12/15/09 12/14/11 110,352 for Endangered Salmonids in Coastal California CSREES

Nichols, John P. Promote International Agribusiness Information International 09/01/09 08/31/10 285,113 Exchange across the Food and Fiber Systems Food & through the Annual IAMA World Congress Agribusiness Management Association Armenian Agribusiness Partnership II USDA-ICD- 4/5/10 12/31/10 47,238 Foreign Agriculture Service Outlaw, Joe L. Analysis of Farm Policy Impacts on Texas Cotton Cotton 01/01/10 12/31/10 6,250 Farms – 2010 Incorporated Analysis of Farm Policy Impacts on Texas Cotton Cotton 01/01/10 12/31/10 6,250 Farms – 2010 Incorporated

Analysis of Farm Policy Impacts on Texas Cotton Cotton 01/01/10 12/31/10 6,250 Farms – 2010 Incorporated

Palma, Marco A Optimizing the Logistics of a Mobile Fast South Dakota 01/01/09 09/30/10 123,592 Pyrolysis System for Sustainable Bio-Crude Oil State Production University

Penson, Jr., John B. Building Capacity of a USDA-Supported USDA-ICD- 07/08/10 10/31/10 156,078 Agricultural Credit Institution In Armenia Foreign Agriculture Service Richardson, James Economic Impacts of Agricultural Policy on Texas Tech 09/01/09 08/31/10 361,400 W. Natural Fibers University System

179 PI Title Source Begins Ends Award Livestock and Dairy Policy USDA- 6/1/10 5/31/11 429,990 National Institute of Food and Agriculture ARRA: National Alliance for Advanced Biofuels Donald 4/1/10 3/31/13 272,487 and Bioproducts – An Algal Biofuels Research Danforth Plant Consortium Science Center Analysis of Farm Policy Impacts on Texas Cotton Cotton 01/01/10 12/31/10 6,250 Farms – 2010 Incorporated Analysis of Farm Policy Impacts on Texas Cotton Cotton 01/01/10 12/31/10 6,250 Farms – 2010 Incorporated

Analysis of Farm Policy Impacts on Texas Cotton Cotton 01/01/10 12/31/10 6,250 Farms – 2010 Incorporated

Rosson, III, C. Parr Center for North American Studies USDA- 6/1/10 5/31/11 648,648 National Institute of Food and Agriculture Salin, Victoria S. Growth Prospects for the Global Cold Storage International 10/19/09 03/19/10 44,000 Industry Association of Refrigerated Warehouses Williams, Gary W. Ethnic Lamb Consumer Characteristics & American 6/1/10 12/31/10 40,000 Preferences Lamb Council Woodward, Richard Additionality and the Adoption of Farm USDA- 07/29/10 09/30/11 16,358 T. Conservation Practices Economic Research Service

180

Appendix R.3. Contracts and Grants 2010 and 2011 – Office of Sponsored Research Awards Source: http://agrilifeas.tamu.edu/cg/activity-reports/index.php

PI Title Source Begins Ends Award Victoria Salin Value of Time and Temperature History RFID USDA – 2/2011 11/2012 $114,956 Technology to Leverage Return on Traceability NIFA Investments X. Wu, B. McCarl, A Ticking Time Bomb for Agriculture? United 9/2011 12/2011 $138,900 J.W. Mjelde (co-PI) Soybean Board J.W. Mjelde Impacts of Biomass Sorghum Feedstock USDA 3/2011 2/2016 $995,100 (co-director) Production on Carbon Sequestration and $110,011 (for Greenhouse Gas Emissions in the South Central AGEC) Region J.W. Mjelde, The Value of Non-Medical Transportation for UTCM 1/2011 8/2012 $119,987 R. Dudensing, L. Improving the Quality of Life for the Rural Elderly: Cherrington methodology and Information Considerations

181 Appendix U: Undergraduate

Appendix U.1. Agricultural Economics Undergraduate Curriculum, Freshman/Sophomore Years

FRESHMAN YEAR First Semester (Th-Pr) Cr Second Semester (Th-Pr) Cr AGEC 105 Intro. to Ag. (3-0) 3 MATH 142 Business Math (3-0) 3 Economics II AGLS 101 Modern Ag. American history elective1,2 3 Systems and Renewable (1-0) 1 Natural Resources ENGL 104 Comp. and (3-0) 3 Humanities elective1,4 (3-0) 3 Rhetoric MATH 141 Business Math I (3-0) 3 Natural sciences elective1 4 American history elective1, 2 1 3 *KINE 198 Health and (0-2) 1 3 Technical agriculture elective 3 3 Fitness Activity 16 14

SOPHOMORE YEAR ACCT 209 Survey of (3-0) 3 ACCT 210 Survey of Mgrl. (3-0) 3 Accounting Principles and Cost Accounting Prin AGEC 217 Fund. of Ag. (1-4) 3 ECON 203 Prin. of (3-0) 3 5 Econ. Anlys. Economics ECON 202 Prin. of (3-0) 3 POLS 207 State and Local (3-0) 3 Economics Govt.2 POLS 206 American Natl. (3-0) 3 Communications elective6 3 Govt.2 Natural science elective1 4 Visual and performing arts 3 elective1, 4 16 * KINE 199 Required (0-2) 1 Physical Activity 16

NOTES: 1. To be selected from the University Core Curriculum. 2. For those students under ROTC contract, see section on “Requirement in Political Science (Government) and History” in this catalog.

182 3. Any course offered by the College of Agriculture and Life Sciences, except 285s, 484s, 485s and agricultural economics courses. 4. The 6 hours of international and cultural diversity courses, as required for graduation, may be met in the curriculum. Students may select humanities and visual and performing arts electives that also meet the international and cultural diversity requirement. 5. All undergraduate students must take at least two (2) specific courses in their major designated as writing intensive (W). This course is an approved W course. (MATH 141 and MATH 142 are prerequisites for this course.) 6. To be selected from ENGL 203, ENGL 235, ENGL 241, ENGL 301, COMM 205, or COMM 243.

183 Appendix U.2. Finance and Real Estate Option The Finance and Real Estate option is designed to provide a well-founded basis in principles, concepts and methods for students interested in finance and/or real estate professional careers in the agricultural industry and/or related professions. (See Freshman and Sophomore Years)

JUNIOR YEAR

First Semester (Th-Pr) Cr Second Semester (Th-Pr) Cr AGEC 314 Marketing Ag. AGEC 317 Econ. Anlys. and Food Prod (3-0) 3 for Agbu. Mgmt (3-0) 3 AGEC 330 Fin. Management (3-0) 3 AGEC 429 Agricultural (3-0) 3 in Ag Policy4 AGEC 422 Land Economics (3-0) 3 AGEC 481 Ethics in Agribusiness and (1-0) 1 Agricultural Economics ECON 323 Microeconomics (3-0) 3 Directed non-agricultural econ. electives1 3 STAT 303 Statistical Methods (3-0) 3 Directed agricultural economics elective3 3 Directed non-agricultural 3 General elective2 3 econ. elective1 18 16 SENIOR YEAR AGEC 340 Agribusiness (3-0) 3 AGEC 430 Macroeconomic (3-0) 3 Management of Ag AGEC 424 Rural (2-2) 3 AGEC 432 Rural Real Est. Entrepreneurship I and Fin. Analysis (3-0) 3 Directed agricultural Directed agricultural economics elective3 3 economics elective3 3 General elective2 3 General elective2 3 12 12

184 NOTES: 1. Six hours to be selected in one or more departments outside of the Department of Agricultural Economics. A minimum of 3 of these hours must be at the 300- or 400- level. 2. Any Texas A&M or transfer course (except KINE 198 and 199; STLC 001-003) not used to meet other requirements. 3. Select 3 courses from AGEC 315, 344, 350, 413, 415, 425, 434, 447, 448, [452 or 453] and 460. 4. All undergraduate students must take at least two (2) specific courses in their major designated as writing intensive (W). This course is an approved W course.

185 Appendix U.3. Food Marketing Systems Option The Food Marketing Systems Option is designed to provide a well-founded basis in principles, concepts and methods for students interested in management, marketing, sales and related professional careers in the agricultural industry and/or related professions. (See Freshman and Sophomore Years)

JUNIOR YEAR First Semester (Th-Pr) Cr Second Semester (Th-Pr) Cr AGEC 314 Mkt Ag. and Food (3-0) 3 AGEC 317 Econ. Anlys. for (3-0) 3 Products Agbu. Mgmt AGEC 315 Food and Ag. (3-0) 3 AGEC 330 Fin. Management (3-0) 3 Sales in Ag ECON 323 Microeconomic (3-0) 3 AGEC 340 Agribusiness (3-0) 3 Theory Management STAT 303 Statistical Methods (3-0) 3 AGEC 481 Ethics in Agribus (1-0) 1 and Agricultural Economics Directed non-agricultural 3 Directed agricultural 3 2 econ. elective1 economics elective 15 General elective3 3 16 SENIOR YEAR First Semester (Th-Pr) Cr Second Semester (Th-Pr) Cr AGEC 429 Agricultural (3-0) 3 AGEC 430 Macroeconomics Policy4 of Ag. AGEC 452 International or Trade and Ag. ECON 311 Money and or Banking (3-0) 3 AGEC 453 Int. Agbu. (3-0) 3 AGEC 447 Food Ag. Price Marketing Analysis Directed agricultural or economics electives2 (3-0) 6 AGEC 448 Ag. Commodity (3-0) 3 Futures5

General elective3 3 Directed non-agricultural 3 econ. elective1 15 General elective3 3 12 NOTES: 1. Six hours to be selected in one or more departments outside of the Department of Agricultural Economics. A minimum of 3 of these hours must be at the 300- or 400- level. 2. Select 3 courses from AGEC 344, 350, 413, 415, 422, 424, 425, 432, 434, 448, [452 or 453] and 460.

186 3. Any Texas A&M or transfer course (except KINE 198 and 199; STLC 001-003) not used to meet other requirements. 4. All undergraduate students must take at least two (2) specific courses in their major designated as writing intensive (W). This course is an approved W course. 5. AGEC 447 is a fall only class. AGEC 448 is a spring only class.

187 Appendix U.4. Policy and Economic Analysis Option The Policy and Economic Analysis Option is designed to provide a well-founded basis in principles, concepts and methods for students interested in pursuing graduate study and/or law school following their graduation with a B.S. degree. (See Freshman and Sophomore Years)

JUNIOR YEAR

First Semester (Th-Pr) Cr Second Semester (Th-Pr) Cr AGEC 314 Mkt Ag. and Food (3-0) 3 AGEC 317 Econ. Anlys for (3-0) 3 Products Agbu. Mgmt AGEC 340 Agribusiness (3-0) 3 AGEC 330 Fin Management in (3-0) 3 Management Ag ECON 323 Microeconomic (3-0) 3 AGEC 429 Agricultural Policy4 (3-0) 3 Theory STAT 303 Statistical Methods (3-0) 3 AGEC 481 Ethics in Agribus (1-0) 1 and Agricultural Economics Directed non-agricultural 3 Directed agricultural economics 3 2 econ. elective1 elective 15 General elective3 3 16 SENIOR YEAR

AGEC 344 Food and Ag. Law AGEC 350 Environ. and Nat. (3-0) 3 or Res. Econ AGEC 452 International AGEC 430 Macroeconomics of Trade in Ag (3-0) 3 Ag or AGEC 447 Food and Ag. (3-0) 3 ECON 311 Money and Banking (3-0) 3 Price Analysis Directed agricultural econ. 3 Directed agricultural economics 2 elective elective2 3 Directed non-agricultural 3 General electives3 3 econ. elective1 General elective3 3 12 15

188 NOTES: 1. Six hours to be selected in one or more departments outside of the Department of Agricultural Economics. A minimum of 3 of these hours must be at the 300- or 400- level. 2. Select 3 courses from AGEC 344, 350, 413, 415, 422, 424, 425, 432, 434, 448, [452 or 453] and 460. 3. Any Texas A&M or transfer course (except KINE 198 and 199; STLC 001-003) not used to meet other requirements. 4. All undergraduate students must take at least two (2) specific courses in their major designated as writing intensive (W). This course is an approved W course.

189 Appendix U.5. Rural Entrepreneurship Option The Rural Entrepreneurship Option is designed to provide a well-founded basis in principles, concepts and methods for students interested in owning and/or managing or otherwise being engaged in working with a rural business. (See Freshman and Sophomore Years)

JUNIOR YEAR

First Semester (Th-Pr) Cr Second Semester (Th-Pr) Cr AGEC 314 Mkt Ag. and Food (3-0) 3 AGEC 317 Econ. Anlys. for (3-0) 3 Products Agbu. Mgmt AGEC 340 Agribusiness (3-0) 3 AGEC 330 Fin. Management (3-0) 3 Management in Ag ECON 323 Microeconomic (3-0) 3 AGEC 429 Agricultural (3-0) 3 Theory Policy4 STAT 303 Statistical Methods (3-0) 3 AGEC 481 Ethics in 1 Agribusiness and Agricultural Economics Directed non-agricultural 3 Directed non-agricultural econ. 3 1 econ. elective1 elective

General elective3 3 Directed agricultural 3 economics elective2 18 16

SENIOR YEAR

AGEC 344 Food and Ag. Law (3-0) 3 AGEC 425 Rural (3-0) 3 Entrepreneurship II AGEC 424 Rural (2-2) 3 AGEC 430 Macroeconomics Entrepreneurship I of Ag. Directed agricultural Or economics elective2 3 ECON 311 Money and (3-0) 3 Banking

General elective3 3 Directed agricultural economics elective2 3

12 General elective3 3 12

190 NOTES: 1. Six hours to be selected in one or more departments outside of the Department of Agricultural Economics. A minimum of 3 of these hours must be at the 300- or 400- level. 2. Select 3 courses from AGEC 315, 350, 413, 415, 422, 432, 434, 447, 448, [452 or 453] and 460. 3. Any Texas A&M or transfer course (except KINE 198 and 199; STLC 001-003) not used to meet other requirements. 4. All undergraduate students must take at least two (2) specific courses in their major designated as writing intensive (W). This course is an approved W course.

191 Appendix U.6. Curriculum in Agribusiness

In conjunction with Mays Business School, the College of Agriculture and Life Sciences and the Department of Agricultural Economics offer a Bachelor of Science in Agribusiness.

Requirements for Graduation Requirements for graduation are listed in the Texas A&M University Student Rules and this catalog. With the exception of physical activity and general elective requirements, courses taken to satisfy degree requirements must be taken for letter grades. In addition, students pursuing the agribusiness degree must have a GPR of 2.0 in the courses included in the Common Body of Knowledge.

Curriculum in Bachelor of Science Agribusiness (B.S.) The Bachelor of Science degree is offered in Agribusiness. The B.S. degree in Agribusiness prepares students for careers in the nation’s growing agribusiness sector which provides the products and services for the production, processing and distribution of food and fiber. With the potential for expanded export opportunities, the need for graduates for agribusiness positions is increasing. The agribusiness program combines the common body of knowledge requirements of a degree in business with coursework emphasizing the understanding of the unique institutional and managerial challenges facing agribusiness firms. Students integrate business management principles with technical knowledge to develop practical decision-making skills.

Agribusiness Common Body of Knowledge Required Courses Cr ACCT 229 Introductory Accounting 3 ACCT 230 Introductory Accounting 3 AGEC 217 Fundamentals of Agricultural Economics Analysis 3 AGEC 440 Agribusiness Strategic Analysis 3 AGEC 481 Ethics in Agribusiness and Agricultural Economics 1 ECON 202 Principles of Economics. 3 ECON 203 Principles of Economics. 3 FINC 341 Business Finance 3 INFO 303 Statistical Methods 3 INFO 364 Operations Management 3 MGMT 211 Legal and Social Environment of Business 3 MGMT 363 The Management Process 3 MKTG 321 Marketing 3 37

192

B.S.—Agribusiness Major Field Courses Cr AGEC 105 Introduction to Agricultural Economics 3 AGEC 317 Economic Analysis for Agribusiness Management 3 AGEC 340 Agribusiness Management 3 AGEC 414 Agribusiness and Food Market Analysis 3 AGEC 429 Agricultural Policy 3 AGEC 430 Macroeconomics of Agriculture or FINC 460 Money and Capital Markets 3 AGEC 431 Cases in Agribusiness Finance 3 ECON 322 Applied Microeconomic Theory or ECON 323 Microeconomic Theory 3 24

Upper-Level Entry into Agribusiness The requirements and procedures for consideration for upper level are as follows: 1. In order to be considered for upper level and possible admission into the program of study in agribusiness, a student must have: a. Satisfactorily completed at least 60 semester credit hours. b. Satisfactorily completed the following eight courses: ACCT 229, 230 AGEC 217 (MATH 141 and MATH 142 are prerequisites for this course.) ECON 202, 203 MGMT 211 MATH 141, 142 c. Students should complete the freshman and sophomore sequence of courses as listed under Curriculum in Agribusiness. Following this sequence will allow the timely application for consideration for upper level. d. Admission, if granted, will be effective upon successful completion of the in-process courses; however, if all requirements are not met prior to the start of the next semester, admission will be revoked. 2. Transfer students: Transfer students admitted to the Agribusiness degree will be classified as AGBL (lower-level Agribusiness) students until they complete all requirements listed previously in item 1. 3. Change of curriculum students:

193 Texas A&M students who change curriculum into the Agribusiness degree from another college or department at the University will be classified as AGBL (lower-level Agribusiness) students until they complete all requirements listed previously in item 1.

FRESHMAN YEAR First Semester (Th-Pr) Cr Second Semester (Th-Pr) Cr AGEC 105 Intro. to Ag. Econ (3-0) 3 MATH 142 Business Math II (3-0) 3 ENGL 104 Composition and (3-0) 3 American History 1,2 3 Rhetoric MATH 141 Business Math I (3-0) 3 Directed elective-behavioral 3 sciences3 American History1,2 3 Natural sciences elective1 4 Natural sciences elective1 4 *KINE 198 Health and Fitness (0-2) 1 Activity 16 14

SOPHOMORE YEAR ACCT 229 Introductory (3-0) 3 ACCT 230 Introductory (3-0) 3 Accounting Accounting ECON 202 Principles of (3-0) 3 AGEC 217 Fund. of Ag. Econ. (1-4) 3 Economics Analysis8 MGMT 211 Legal and Social 3 ECON 203 Principles of (3-0) 3 Env. of Business (3-0) Economics POLS 206 American Natl. (3-0) 3 POLS 207 State and Local (3-0) 3 .2 Govt Govt.2 Technical agriculture elective4 3 Communications elective5 3 15 *KINE 199 Required Physical (0-2) 1 Activity 16 JUNIOR YEAR AGEC 340 Agribus. and Food 3 AGEC 317 Econ. Analysis for 3 Mgmt Agribus. Management (3-0) ECON 322 Microeconomic (3-0) 3 AGEC 429 Agricultural Policy8 (3-0) 3 Theory FINC 341 Business Finance (3-0) 3 INFO 364 Operations (3-0) 3 Management INFO 303 Statistical Methods (3-0) 3 Directed elective-international6 3 MGMT 363 The Management (3-0) 3 Humanities elective3 3 Process MKTG 321 Marketing (3-0) 3 15 18

194

SENIOR YEAR AGEC 431 Cases in (3-0) 3 AGEC 414 Agribusiness Food (3-0) 3 8 Agribusiness Finc. Market Analysis AGEC 481 Ethics in (1-0) 1 AGEC 430 Macroeconomics of Agribusiness and Agricultural Ag. Economics or Directed elective-international6 3 FINC 460 Money and Capital (3-0) 3 Markets General electives7 4 AGEC 440 Agribusiness (3-0) 3 Strategic Analysis Visual and performing arts 3 General elective7 3 elective1 14 12

NOTES: 1. To be selected from the University Core Curriculum. 2. For those students under ROTC contract, see section on “Political Science (Government) and History” on page 27 in this catalog. 3. To be selected from a list of courses in anthropology, psychology, sociology, and women’s and gender studies. 4. Three hours of technical agriculture electives to be selected from any course offered by the College of Agriculture and Life Sciences except 285s, 484s, 485s and agricultural economics courses. 5. To be selected from ENGL 203, 235, 241, 301, COMM 205 or 243. 6. Six hours required. Three hours of international coursework may be taken outside of the Mays Business School. A complete list of approved international electives is available in the college Undergraduate Program Office, Room 331 Blocker Building, or can be found online at agecon.tamu.edu/undergraduate/. 7. Any Texas A&M or transfer course (except KINE 198 and 199; STLC 001-003) not used to meet other requirements. 8. All undergraduate students must take at least two (2) specific courses in their major designated as writing intensive (W). This course is an approved W course.

195 Appendix U.7. Curricular Options for Agribusiness Students Only

International Certificate Programs

To meet the challenges of increased business globalization Mays Business School has created a variety of international certificate programs. Each program offers B.S.—Agribusiness degree students the opportunity to study international business, develop understanding of other cultures and language knowledge to meet global business challenges. Students who pursue any of the international certificate programs must complete all requirements for the specific program prior to graduation. Specific certificate requirements are available in the Undergraduate Program Office, Room 238 Wehner, of Mays Business School or in the Undergraduate Programs Office, Room 331 Blocker, of the Department of Agricultural Economics.

Certificate in International Business Requirements include 18 hours of coursework and completion of an approved international work or study abroad experience.

Certificate in European Union Business Requirements include 21 hours of coursework, completion of an approved European Union work or study abroad experience, and demonstration of proficiency in a European Union Language.

Certificate in Latin American Business Requirements include 21 hours of coursework, completion of an approved Latin American work or study abroad experience and demonstration of proficiency in a dominant Latin American language—Spanish or Portuguese.

196 Appendix U.8. Undergraduate AGEC Courses Taught

105. (AGRI 2317) Introduction to Agricultural Economics. (3-0). Credit 3. Characteristics of our economic system and basic economic concepts; survey of the farm and ranch firm and its organization and management; structure and operation of the marketing system; functional and institutional aspects of agricultural finance; government farm programs. 217. Fundamentals of Agricultural Economics Analysis. (1-4). Credit 3. Relates contemporary agribusiness issues to economic and financial management, illustrating their integration toward pragmatic applications in the agricultural industry; lab focuses on the integration of mathematics and economics with computer skills directed toward spreadsheets, databases, web pages, and communications software; emphasis is on writing as a critical communication skill. Prerequisites: AGEC 105; ENGL 104; MATH 141; MATH 142; and sophomore or junior agricultural economics or agribusiness majors; or approval of department head. 285. Directed Studies. Credit 1 to 4. Directed study of selected problems in agricultural economics. Prerequisites: AGEC 105; freshman or sophomore classification in agricultural economics, agribusiness, or approval of instructor and department head; 2.5 GPR in major, overall, and CBK courses, if applicable; see an academic advisor in Room 331 Blocker. 289. Special Topics in… Credit 1 to 4. Selected topics in an identified area of agricultural economics. May be repeated for credit. Prerequisites: Freshman or sophomore classification and approval of department head. 291. Research. Credit 1 to 4. Research conducted under the direction of faculty member in agricultural economics. May be repeated 3 times for credit. Prerequisites: Freshman or sophomore classification and approval of department head; see an academic advisor in Room 331 Blocker. 314. Marketing Agricultural and Food Products. (3-0). Credit 3. General introductory course covering operations involved in movement of agricultural commodities from farmer to consumer, essential marketing functions of buying, selling, transportation, storage, financing, standardization, pricing, and risk bearing. Prerequisites: AGEC 105 or 3 hours of economics; and junior or senior classification. 315. Food and Agricultural Sales. (3-0). Credit 3. Principles of professional sales techniques used in food and agricultural firms; develop a professional sales presentation; study current agribusiness industry professional salespersons. Prerequisite: Junior or senior classification. 317. Economic Analysis for Agribusiness Management. (3-0). Credit 3. Quantitative methods used to address managerial problems, specifically calculus-based optimization, marginal analysis, elasticities, statistical and forecasting techniques, linear programming, and risk analysis; emphasis on theoretical aspects and applied analysis of managerial problems faced by agricultural firms. Prerequisites: AGEC 217; ECON 323 or 322; STAT 303 or 302 or 301 or INFO 303; and junior or senior classification; agricultural economics, agribusiness majors only; or approval of department head. 325. Principles of Farm and Ranch Management. (2-2). Credit 3. Agribusiness managerial decision making and analysis in different market environments; emphasis is on profit

197 maximization; lab focuses on using computerized methods for evaluating management alternatives for farming and ranching problem situations. Prerequisites: AGEC 105 or ECON 202; junior or senior non-agricultural economics, non-agribusiness majors only; and knowledge of Excel. 330. Financial Management in Agriculture. (3-0). Credit 3. Principles of financial management of farms, ranches, livestock operations, and other agribusiness firms; financial statement analysis, investment analysis, firm growth, risk management, cost of capital, income taxes, business organization, estate planning, legal aspects of borrowing, and sources and terms of agricultural loans. Prerequisites: AGEC 105 or 3 hours of economics; ACCT 209 or 229; and junior or senior classification. 340. Agribusiness Management. (3-0). Credit 3. Systematic analysis of agribusiness firm-level decision making using a broad array of management concepts, managing agribusiness firms and their unique problems and opportunities, and exposure to decision making in agribusiness environment. Prerequisites: AGEC 105 or 3 hours of economics; and junior or senior classification. 344. Food and Agricultural Law. (3-0). Credit 3. Legal problems relevant to agribusiness; torts, fencing laws, liability for agricultural pollution, irrigation water rights, corporations and partnerships. Prerequisite: Junior or senior classification. 350. Environmental and Natural Resource Economics. (3-0). Credit 3. Inspection of issues such as environmental degradation, population growth, recycling, water use and depletion, natural habitat protection, water and air pollution, acid deposition, fishery management, and global warming; using economically-derived principles and tools. Prerequisite: Junior or senior classification. 400. Field Studies in Agricultural Economics. Credit 1 to 2. Arranged during spring break or between semesters; field trip to observe operations of agricultural business firms, state and federal agencies and farms and ranches; test on field studies required; additional expenses to be borne by students. Prerequisites: AGEC 105 or 3 hours of economics; and junior or senior classification. 401. Global Agri-Industries and Markets: Study Abroad. (3-0). Credit 3. Understanding agri-industries and markets; analysis of production; importing; exporting; provides classroom experience with an exposure to a variety of global cultures in an international setting. Course may be repeated 3 times for credit. Prerequisites: AGEC 105 or 3 hours of economics; junior or senior classification or approval of department head. 402. Survey of International Agricultural Economics: Study Abroad. (3-0). Credit 3. Examine, from an international setting, the shape of international agriculture; how culture, history, politics and geography in foreign countries affect the production and management of agricultural products; agricultural policy formation; countries’ natural resources and competitive strategies. Course may be taken 3 times for credit. Prerequisites: AGEC 105 or 3 hours of economics; junior or senior classification or approval of department head. 413. Agricultural Cooperatives. (3-0). Credit 3. Historical development and principles of cooperative associations in our economic system; organizational and operational aspects of cooperatives; legal considerations, financing, management, and member relations; and

198 future role of cooperatives. Prerequisites: AGEC 105; AGEC 314; and junior or senior classification. 414. Agribusiness and Food Market Analysis. (3-0). Credit 3. Application of economic and marketing principles to contemporary food and agribusiness marketing; practical marketing management for agribusiness firms; market analysis; and marketing strategy and planning as related to the emerging trends in the global food and agribusiness sector of the economy. Prerequisites: AGEC 317; FINC 341; MKTG 321; and junior or senior agribusiness majors only. 415. Food & Agribusiness Strategic Market Planning. (3-0). Credit 3. Development of a market plan targeting the food and agribusiness market sector; market analysis; business propositions; action plans for executing the 4 P’s (Product, Price, Place, Promotion); monitoring and measurement. Prerequisites: AGEC 314 or MKTG 321 or 409; AGEC 315; junior or senior classification or approval of instructor. 422. Land Economics. (3-0). Credit 3. Economic, institutional, and physical factors involved in the use and control of natural resources; includes elements of introductory land economics as a discipline, economic foundations of land economics, institutional influences on land use, and the effects of public policy on land use. Prerequisites: AGEC 105 or 3 hours economics; and junior or senior classification. 424. Rural Entrepreneurship I. (2-2). Credit 3. Strategic planning regarding economic and financial feasibility of rural business ventures; emphasis on processes for developing a comprehensive enterprise analysis; including management information system components; production, marketing, and financial plans; enterprise budget(s); and evaluation of risk management alternatives; and exchanges with “real-world” lenders, entrepreneurs, and other agribusiness management personnel. Prerequisites: AGEC 217; AGEC 317 or concurrent enrollment; AGEC 330 or FINC 409/341; ACCT 209/229; ACCT 210/230; and junior or senior classification; or approval of department head. 425. Rural Entrepreneurship II. (2-2). Credit 3. Strategic planning regarding feasibility of rural business ventures; emphasis on processes for developing comprehensive economic and financial prospectuses, including enterprise budgets, risk management planning, cash flow budgeting, net worth statements, income budgets, reconciliation statements and shock analysis; and exchanges with “real-world” lenders, entrepreneurs, and other agribusiness management personnel. Prerequisites: AGEC 424; and junior or senior classification. 429. Agricultural Policy. (3-0). Credit 3. Analysis of the causes, nature, and effects of government participation in agriculture; and interrelationship of the American agriculture and agribusiness sector with the political and economic system, public administration, and interest group representation. Prerequisites: AGEC 105 or 3 hours of economics; ENGL 104; and junior or senior classification. 430. Macroeconomics of Agriculture. (3-0). Credit 3. Physical and financial linkages between agriculture and the rest of the economy; agriculture’s importance to the economy; the determinants of aggregate supply of agricultural products; the organization and performance of financial intermediaries serving agriculture; and the differential effects of national economic policies on agriculture. Prerequisites: AGEC 105 or 3 hours of

199 economics; AGEC 317 or concurrent enrollment; AGEC 429; AGEC 330 or FINC 409/341; and junior or senior classification. 431. Cases in Agribusiness Finance. (3-0). Credit 3. Financial management of agribusiness firms; advanced topics in financial statement analysis, liquidity management, investment analysis, and capital structure illustrated through examination of agribusiness cases. Prerequisites: AGEC 317; AGEC 340; FINC 341; and junior or senior agribusiness majors only. 432. Rural Real Estate and Financial Analysis. (3-0). Credit 3. Advanced topics in investment analysis; financial intermediation in agriculture; real estate markets and market analysis; and appraisal valuation. Prerequisites: AGEC 317 (waived for non-majors); AGEC 330 or FINC 409/341; AGEC 422; ACCT 210 or 230; and junior or senior classification. 434. Rural Financial Markets & Financial Planning. (3-0). Credit 3. Organization, structure, conduct, and regulation of lending institutions serving commercial agriculture and rural borrowers; financial statement analysis, cash management, investment planning and preparation of loan applications analysis, loan portfolio analysis, and management of the lending function of lenders serving rural businesses. Prerequisites: ACCT 209 or 229; ACCT 210 or 230; AGEC 330 or FINC 341 or FINC 409; junior or senior classification. 440. Agribusiness Strategic Analysis. (3-0). Credit 3. Economic features of the agribusiness system and related management problems; problem recognition and economic decision making in marketing, production, and finance for agribusiness firms. Prerequisites: AGEC 317; AGEC 340; FINC 341; MGMT 363; MKTG 321; and junior or senior agribusiness majors only. 447. Food and Agricultural Price Analysis. (3-0). Credit 3. Factors influencing the level of food and agricultural prices; price trends and seasonal variation; methods of forecasting demands and prices; and futures trading. Prerequisites: AGEC 314; AGEC 317; and junior or senior classification. 448. Agricultural Commodity Futures. (3-0). Credit 3. Activities of commodity futures exchanges; the mechanics of trading futures contracts; the use of futures trading for hedging and forward pricing; and options, basis behavior, and hedging strategies for selected commodities. Prerequisites: AGEC 105 or 3 hours of economics; AGEC 314; AGEC 317 or concurrent enrollment; and junior or senior classification; or approval of department head. 452. International Trade and Agriculture. (3-0). Credit 3. Changing role of U.S. agriculture in a dynamic world economy; national and international policies and institutions affecting agriculture; and exchange rates, tariffs, and non-tariff barriers. Prerequisites: AGEC 105 or 3 hours of economics; and junior or senior classification. 453. International Agribusiness Marketing. (3-0). Credit 3. Basic competencies in international marketing of agri-foods; and market entry, pricing, payment, finance, and promotion. Prerequisites: AGEC 105 or 3 hours of economics; and junior or senior classification. 460. Cross-Cutting Issues in Agricultural Economics. (3-0). Credit 3. Economic concepts used in corporate presentations and decision-making from an agricultural perspective; includes finance, resource economics, policy, marketing, management and quantitative

200 analysis. Prerequisites: AGEC 317; AGEC 314 or MKTG 321 or 409; AGEC 330 or FINC 341 or 409; AGEC 429; agricultural economics and agribusiness majors only; junior or senior classification or approval of instructor. 481. Ethics in Agribusiness and Agricultural Economics. (1-0). Credit 1. Ethical issues facing managers and policy-makers in the agribusiness sector; role of professionals in the agricultural food and resource industries; professional opportunities and responsibilities; individual investigations and reports; and discussions with prominent leaders in the field. Prerequisites: AGEC 217; junior or senior classification; and agricultural economics or agribusiness majors only. 484. Internship. Credit 1 to 3. Supervised experience program conducted in the area of the student’s interest in agricultural economics and agribusiness. May be taken two times. Prerequisite: See an academic advisor in Room 331 Blocker. 485. Directed Studies. Credit 1 to 3 each semester. Special problems not covered by other courses. Content will depend upon problem studied. Prerequisite: See an academic advisor in Room 331 Blocker. 489. Special Topics in… Credit 1 to 4. Selected topics in an identified area of agricultural economics. May be repeated for credit. Prerequisite: Junior or senior classification. 491. Research. Credit 1 to 4. Research conducted under the direction of faculty member in agricultural economics. May be repeated 3 times for credit. Registration in multiple sections of this course are possible within a given semester provided that the per semester credit hour limit is not exceeded. Prerequisites: Junior or senior classification and approval of department head; see an academic advisor in Room 331 Blocker.

201 Appendix U.9. American Agricultural Economics Association Student Paper and Presentation Competition

Year Student Place Advisor(s) 1973 Murray Edwards First Ron Kay and John Hopkin

1985 Ed Schulze First Ron Griffin and Ed Rister

1986 Michael Galloway Second Steve Fuller

1987 Mark Miller Third Jim Mjelde and Ed Rister

1989 Stephanie Frerich Competed Jim Mjelde

1989 Kim Hollon First Fred Ruppel and H.L. Goodwin, Jr.

1990 Anne Marie Jarvis First Jim Mjelde and Ed Rister

1998 Heidi Samuel Third Jim Mjelde, Mark Waller, and David Bessler

2001 Meagan Sherman Competed Jim Mjelde and Steve Fuller

2008 Shauna Yow Second Ed Rister and Ron Lacewell

202 Appendix U.10. TAMU AGEC Teams That Placed at SS-AAEA Academic Bowl Competition

Year Students Place Advisor(s) 1991 Kayci Cockrell First Jim Mjelde and Ed Rister Lori Labac Julie Smith 1992 Kayci Cockrell First Lonnie Jones and Jim Mjelde Karen Deborde Lori Labac Koop 1992 Dean Doxakis Third Lonnie Jones and Jim Mjelde Candice Gerth Wendy Moritz 1996 Jennifer DuBose Second Lonnie Jones Gisela Gerig Kristi Jochec 1996 Third Lonnie Jones 1997 Second (no record) 1998 Gabe Gonzalez Second Chad Hobbs Sondra Long David Ryan 2000 Brandon Hill Third Richard Gallagher Clay Kolle Gara Travis 2001 Paula Braden First Richard Gallagher Erin Donaho Dawn Dunkin 2001 Brandon Hill Third Richard Gallagher Clay Kolle Gara Travis 2002 Brandon Hill Second Richard Gallagher Jason Morris Gara Travis 2006 Kristen Greer First Jim Mjelde and Ed Rister Meagan Morgan Callie Rogers 2007 Eric Manthei First Jim Mjelde and Callie Rogers Emily Seawright Shauna Yow 2008 John Winkelmann First Jim Mjelde and Eric Manthei

203 Robert Withers Shauna Yow 2009 Matt Okeson Second Jim Mjelde and Eric Manthei Kelly Pritchett KaceyVanDeaver 2010 Wilson Alarcon Third Jim Mjelde and Eric Manthei Anna Lee Allcorn Matt Okeson 2011 Wilson Alarcon Third John Siebert Jana Crook Jessica Martini

Appendix Table U.11. TAMU Students Serving as SS-AAEA National Officers

Year Student Position 1991–92 Kayci Cockrell National Vice President – Southern Region 1991–92 Kathy Huffman Newsletter Editor 2008–09 Kelly Pritchett President 2008–09 Matt Okeson Vice President 2009–10 Matt Okeson President 2010–11 Jessica Martini President 2011–12 Jake Riley President

Appendix Table U.12. TAMU Undergraduate Club Awards Presented by the SS-AAEA

Year Award 1987–88 Outstanding Chapter 1989–90 Second Place 1990–91 Fourth Place

204 Appendix U.13. TAMU AGEC Teams that Placed at the NAMA Student Marketing Competition

Year Students Place Advisor(s) 2006 Outstanding Student Chapter Fourth Kerry Litzenberg

2008 Corie Barnes Semi-Finalist Kerry Litzenberg Levi Estes Hillary Denson Kate Farris Jessica Haney Ashley Hebler Robert Meinke Morgan Mink Michelle Popek JacoSaaiman Melanie Schroedter Reed Vestal

2010 Kerri Kirkpatrick Semi-Finalist Lindsey Higgins KatlynKlabunde Angela Montemayor Dusty Oney Jose Segovia Heather Stokes Jonathan Stone Steven Walters

2011 Levi Andrews Finalist/NAMA’s Lindsey Higgins Katherine Mellinger Choice Award: Matt Okeson Favorite Team JC Payne Wesley Tobola HaleyWendler

205 Appendix U.14. TAMU AGEC Teams that Placed at the FDRS Food Marketing Challenge

Year Students Place Advisor(s) 2009 David Bingham Fourth Lindsey Higgins Katlyn Klabunde Angela Montemayor Chase Murphy Nathan Schulman

2010 Travis Martin Third Lindsey Higgins Matt Okeson Wesley Tobola Haley Wendler

2011 August Floerke First Dmitry Vedenov Shahrbanoo Gargari Philip Mooney Ethan Wenz

206 Appendix G. Graduate

Appendix G.1. Graduate Student Awards

Year Student Sponsor Award Title Awarded Alba Collart Student Research Week Poster 2011 TAMU Competition, Session Winner & Overall Ilia Gogichaishvili Subject Area Winner Student Research Week Poster 2011 Rajorshi Sen Gupta TAMU Competition, 2nd Place, Mktng, Mgmt &Finance: Oral Sect. August Floerke Food Marketing Case Study Competition, 2011 FDRS Shahbaroo Gargari National Champion TAMU Energy Club Evening of Energy 2011 Myriah Johnson TAMU Poster Competition, 3rd Place Student Research Week Presentation 2011 Michael Trousdale TAMU Competition, 1st Place Outstanding Master’s Thesis, Honorable 2011 Marc Allison AAEA Mention Graduate Student Extension Competition, 2011 Callie McAdams AAEA 3rd Place 2011 Marc Allison SAEA Graduate Student Paper Award (thesis) Graduate Student Case Study 2010 Myriah Johnson AAEA Competition, 4th Place National Collegiate Sales Competition, 2010 Myriah Johnson NCSC 2nd Place Student Research Week Presentation 2010 Michael Trousdale TAMU Competition, 1st Place 2009 Roland Fumasi ASFMRA Gold Quill Award Brian 2008 SAEA Outstanding Master’s Thesis Award Mwanamambo Transportation Agricultural and Rural Transportation 2008 Rafael Costa Research Forum Paper Award Graduate Student or MS Thesis Award, 2008 Rafael Costa WAEA Honorable Mention 2008 Geoffrey Pofahl SAEA Graduate Student Paper Award

207 Year Student Sponsor Award Title Awarded (dissertation) 2007 Rajorshi Sen Gupta Dept. of AGEC Outstanding Teaching Assistant Award 7th Annual Pathways Student Research Pathways to the 2007 Rajorshi Sen Gupta Symposium, 1st Place in Agriculture Doctorate Section 2007 Yan Yuan FDRS Outstanding PhD Dissertation Award Distinguished Graduate Student Award 2007 Mark Musumba AFS for Excellence in Research 2006 Wen You AAEA Outstanding PhD Dissertation Award 2006 Jonathan Baros FDRS MS Non-Thesis Research Paper Award 2005 David Magana Dept. of AGEC Outstanding Teaching Assistant Award 2005 To Nguyen AAEA Poster Session Award, 1st Place Lindsey Higgins Graduate Student Case Study 2004 AAEA st Pablo Ramirez Competition, 1 Place Graduate Student Paper Award 2003 Matt Stockton SAEA (dissertation) Distinguished Professional Contribution 2003 James Sartwelle SAEA in Extension 2003 James Sartwell AAEA Distinguished Extension Program – Team 2003 Wipon Aiew FDRS Outstanding PhD Dissertation Award 2002 Arsen Poghosyan FDRS Outstanding MS Thesis Award Outstanding PhD Dissertation (Water 2001 Beth Lemberg UCOWR Policy and Socio-economics) Vice Chancellor’s Award for Industry/ 1999 Bill Nayda VC Agency/Association Partnerships Vice Chancellor’s Award for Industry/ 1999 Chi Chen VC Agency/Association Partnerships 1998 Allan Gray Outstanding Master’s Thesis, Honorable 1998 Nicole Elmer AAEA Mention Outstanding Dissertation, Honorable 1997 Kellie Raper AAEA Mention

208 Acronyms for Appendix G.1.: AAEA =American Agricultural Economics Association NCSC= National Collegiate Sales Competition AFS=Association of Former Students SAEA=Southern Agricultural Economics Association ASFMRA=American Society of Farm Managers and TACC=Texas Agricultural Cooperative Council Rural Appraisers TAEX=Texas Agricultural Extension Service COALS=College of Agriculture and Life Sciences TAMU=Texas A&M University FDRS=Food Distribution Research Society, Inc TCE=Texas Cooperative Extension IFAMA=International Food and Agribusiness UCOWR=Universities Council on Water Resources Management Association USDA=United States Department of Agriculture NACTA= National Association of Colleges & Teachers VC=Vice Chancellor of Agriculture WAEA=Western Agricultural Economics Association

209 Appendix G.2. Graduate Course Enrollment History since Fall 2005

Course Title Total 11C 11B 11A 10C 10B 10A 09C 09B 09A 08C 08B 08A 07C 07B 07A 06C 06B 06A 05C Number

Commodity 601 Futures and 87 25 29 23 10 Options Markets

603 Land Economics 275 38 50 41 47 50 49 Heifrin

Natural Resource Economics 604 171 24 13 20 17 14 20 13 14 13 12 11 (online in summer)

Rural Real Estate 605 Appraisal and 17 2 5 4 6 Organization

5 9 0 Water Resource 606 26 8 4 as as as Economics 689 689 689

Research 607 109 20 29 11 16 12 21 Methodology

Economics of 610 2 2 Biosecurity

Production 611 0 Economics I

210 Course Title Total 11C 11B 11A 10C 10B 10A 09C 09B 09A 08C 08B 08A 07C 07B 07A 06C 06B 06A 05C Number

Global Food and 614 Agribusiness 140 21 27 19 21 17 17 18 Policy

E-Commerce: Auctions, 618 21 Not Not 6 10 5 Contracts and taught taught Exchanges

Managerial 619 Economic in 188 24 30 26 31 30 24 23 Agribusiness

Econometrics for 621 325 41 49 52 46 45 44 48 Agribusiness

Agribusiness 622 Analysis and 253 42 52 32 45 41 41 Forecasting

Environment of 625 108 24 24 20 20 20 Agribusiness

Agricultural 627 Market and Price 0 Analysis

Strategic Agbus 629 133 23 21 19 15 15 22 18 Management

Financial Analysis for 630 134 23 21 20 15 15 22 18 Agribusiness Firms

211 Course Title Total 11C 11B 11A 10C 10B 10A 09C 09B 09A 08C 08B 08A 07C 07B 07A 06C 06B 06A 05C Number

Economics of Underdeveloped 633 25 10 12 13 Agricultural Areas

Rural Financial 634 Markets & 8 8 Planning

Consumer Demand Analysis for 19 635 64 6 9 12 18 Davis Food and Capps Agricultural Products

Agribusiness Markets and 636 105 12 13 16 19 13 18 14 Applied Welfare Analysis

Production Economics and Dynamic N/ 637 50 6 9 17 10 14 Optimization in A Agricultural Economics

Operations Research 641 124 12 19 19 32 18 17 7 Methods in Ag. Economics

212 Course Title Total 11C 11B 11A 10C 10B 10A 09C 09B 09A 08C 08B 08A 07C 07B 07A 06C 06B 06A 05C Number

Applied Simulation in 643 79 6 11 10 10 17 10 15 Agricultural Economics

International 652 Agricultural 76 15 17 14 10 7 6 7 Economics

Ecological 659 19 7 8 6 5 Economics

Applied 25 Econometric 661 152 31 25 29 20 22 Methods in Wu Agriculture

Fundamentals in Agribusiness and 671 22 5 4 Not 0 6 1 0 6 Managerial taught Economics

Fundamentals in Markets and 672 85 9 3 16 21 10 13 13 Information Economics

Fundamentals in Resource and 673 39 6 9 8 4 4 5 3 Environmental Economics

Food and not not 674 5 taught taught 5 Agricultural Richa

213 Course Title Total 11C 11B 11A 10C 10B 10A 09C 09B 09A 08C 08B 08A 07C 07B 07A 06C 06B 06A 05C Number

Trade and Policy rdson Analysis

Frontiers in Markets and 676 40 5 15 20 Information Economics

Frontiers in Resource and 677 25 8 7 10 Environmental Economics

Sp Tp in 689 10 10 Macroeconomics

Sp Tp in See 689 22 7 6 0 9 BioSecurity 610

Sp Tp in Rural See 689 Financial 18 4 6 8 634 Markets

695. Frontiers in Ag not not Economics and 7 taught taught 4 3 601 Agribusiness

695. Frontiers in Ag 602 Economics and 14 37 15 8 See Agribusiness – Wu AGEC Markets 676

214 Course Title Total 11C 11B 11A 10C 10B 10A 09C 09B 09A 08C 08B 08A 07C 07B 07A 06C 06B 06A 05C Number

695. Frontiers in Ag 603 Economics and 11 5 6 See Agribusiness – AGEC Resources 677

215 Appendix G.3. Graduate Course Listings – Agricultural Economics (AGEC) Source 2011-2012 Graduate Catalog Downloadable PDF (6.37MB)

601. Commodity Futures and Options Markets. (3-0). Credit 3. Price risk management using agricultural commodity futures and options markets, theories of hedging and formulation of optimal hedging strategies, applied hedging strategies evaluated with emphasis on options relative to futures. Prerequisites: One course in calculus and one course in statistics. 603. Land Economics. (3-0). Credit 3. Application of economic, financial, legal and related concepts and tools for decision making in land management, real estate development and appraisal of land and attendant resources; public and private property rights and current land and resource management issues emphasized; real estate valuation methods and use of electronic information systems studied. Prerequisite: AGEC 422 or equivalent. 604. Natural Resource Economics. (3-0). Credit 3. Critical evaluation of policies and procedures in natural resource development and use; identification of problems in resource development, the political-economic decision-making processes and analytical tools which can contribute to economic decisions. Prerequisite: ECON 323. Cross-listed with BUSH 663. 605. Rural Real Estate Appraisal and Organization. (3-0). Credit 3. Concepts of property rights and their valuation; factors affecting the value of these rights are related to general economic theory to explain real estate market process; specific applications of appraisal techniques in valuing urban and rural real properties. Prerequisite: AGEC 422. 606. Water Resource Economics. (3-0). Credit 3. Examination of economic concepts and tools contributing to the solution of water scarcity problems; development of working knowledge of water resource economics; policy options established and explored; analytical tools for performing policy and project assessment introduced and applied. Prerequisite: MATH 142. 607. Research Methodology. (3-0). Credit 3. Scientific method in economic research: problem identification and selection, hypothesis testing, assumptions, model selection, data communication; evaluation of research studies and development of thesis prospectus or equivalent. Prerequisite: MS or PhD graduate classification. 610. Economics of Biosecurity. (3-0). Credit 3. Economic and policy issues involved with decision making under risk of accidental or deliberate events of agricultural threats involved with animal diseases, food contamination, invasive species, infrastructure disruption, etc.; issues regarding assessments of damages, vulnerability and decision making regarding prevention, detection, response, and recovery. Prerequisite: Graduate classification. 611. Production Economics I. (3-0). Credit 3. Economic theory and methods for analyzing agricultural production decisions; problems are treated regarding the technical unit and the firm; both neoclassical theory and methods for evaluating decisions under uncertainty are emphasized. Prerequisites: ECON 607; MATH 142. 614. Global Food and Agribusiness Policy. (3-0). Credit 3. Public policies and programs affecting agriculture and agribusiness; development of policies and programs, identifying relevant issues, reviewing means to attain desired goals, and development of methods to

216 evaluate the consequences of alternative farm policies on U.S. agriculture, agribusiness, trade and resources. Prerequisites: AGEC 619 or ECON 607; MATH 142. 618. E-Commerce: Auctions, Contracts and Exchanges. (3-0). Credit 3. Design and implementation of contract mechanisms, auctions, and internet exchanges for business-to- business transactions; tools for dealing with these issues developed; understanding of what issues are critical to the successful implementation of virtual vertical integrations. Prerequisite: G7 classification or approval of instructor. Cross-listed with INFO 618. 619. Managerial Economics in Agribusiness. (3-0). Credit 3. Practical application of operational and strategic decision-making tools to agribusiness, focusing on important managerial and economic principles and understanding needed to carry out these functions. Prerequisites: ECON 323; MATH 142; STAT 303. 621. Econometrics for Agribusiness. (3-0). Credit 3. Econometric application and practice; analysis and interpretation of economic data for decision making and microcomputer implementation. Prerequisites: MATH 142; STAT 303; corequisite: ECON 323; ECON 311 or AGEC 430. 622. Agribusiness Analysis and Forecasting. (3-0). Credit 3. Design, construction, use and evaluation of simulation, forecasting and optimization models to solve applied problems confronting decision makers in agribusiness. Prerequisite: AGEC 621 or approval of instructor. 625. Environment of Agribusiness. (3-0). Credit 3. Analysis of the economic, social, political, technological and legal forces that impact the way in which global agribusiness firms compete; emphasis on intensive case study analysis. Prerequisites: AGEC 619 and 621. 629. Strategic Agribusiness Management. (3-0). Credit 3. Practical application of operational and strategic decision-making tools to agribusiness; emphasis on problem recognition and economic analysis related to production, marketing and finance decisions facing agribusiness firms. Prerequisites: AGEC 619, 621 and 625. 630. Financial Analysis for Agribusiness Firms. (3-0). Credit 3. Application of financial planning and analysis to agribusiness firms; capital budgeting and selection of investments; the role of debt structure and liquidity in firm growth and stability; alternatives for gaining control over financial resources, managing risk and maintaining business efficiency over time. Prerequisites: ACCT 640; FINC 635. 633. Economics of Underdeveloped Agricultural Areas. (3-0). Credit 3. Survey of analytical and empirical studies on development issues in less developed countries; topics include agricultural household models, the economics of contract choice, migration, the economics of family structure, technological change, emerging, environmental issues, and evaluation of policy initiatives in product and factor markets. Prerequisites: ECON 629 and AGEC 652. 634. Rural Financial Markets & Financial Planning. (3-0). Credit 3. Organization, structure, conduct, and regulation of lending institutions serving commercial agriculture and rural borrowers; financial statement analysis; cash management; investment planning; loan portfolio analysis; management of the lending function of lenders serving rural businesses. Prerequisite: Graduate classification.

217 635. Consumer Demand Analysis for Food and Agricultural Products. (3-0). Credit 3. Analytical and empirical treatments of consumer behavior; use of neoclassical theory and modern adaptations in consumer demand analysis; specification, estimation, interpretation and evaluation of models of consumer behavior with emphasis on food commodities. Prerequisites: ECMT 676; ECON 629; AGEC 661. 636. Agribusiness Markets and Applied Welfare Analysis. (3-0). Credit 3. Theory and practice of consumer and firm behavior in markets; the effects of various policies on markets; welfare measurement applied to problems related to the farm economy; food and resource processing; resource allocations decisions. Prerequisites: AGEC 635 and 661; ECMT 676; ECON 629 and 630. 637. Production Economics and Dynamic Optimization in Agricultural Economics. (3-0). Credit 3. Production under certainty and uncertainty with emphasis on agribusiness firm behavior; economic theory and analytical and numerical methods related to dynamic optimization problems. Prerequisites: AGEC 661; ECMT 675; ECON 629 and 630. 641. Operations Research Methods in Agricultural Economics. (3-0). Credit 3. Theory and practice regarding the application of operations research tools to agricultural economics problem areas. Mainly concentrates on optimization approaches. Prerequisite: AGEC 622 643. Applied Simulation in Agricultural Economics. (3-0). Credit 3. Design, construction, validation and use of Monte Carlo simulation models for risk analysis of economic systems; parameter estimation and simulation of multivariate probability distributions in econometric and behavioral models used for business and policy analysis under risk. Prerequisites: AGEC 622 and 661 or approval of instructor. 652. International Agribusiness Trade Analysis. (3-0). Credit 3. Traditional trade theory encompassing the concepts of comparative advantage, the Hecksher-Olin-Samuelson model, the gain from specialization and trade, partial equilibrium analysis of free trade, violation of the free trade model, welfare effects of trade, trade creation and diversion, introduction to growth and development theories, the relationship between trade and development and related concepts. Prerequisites: ECON 607; MATH 142. 659. Ecological Economics. (3-0). Credit 3. Study of the relationships between ecosystems and economic systems; understanding the effects of human economic endeavors on ecological systems and how the ecological benefits and costs of such activities can be quantified and internalized. Prerequisite: Graduate classification. Cross-listed with ESSM 671 and RENR 659. 661. Applied Econometric Methods in Agriculture. (3-0). Credit 3. Application of econometric methods in a theoretical framework for the analysis of agricultural markets and farm firm behavior; emphasis on specifying and estimating agricultural production and demand functions and agricultural sector models; selected topics according to student needs. Prerequisite: ECMT 676. 671. Fundamentals in Agribusiness and Managerial Economics. (3-0). Credit 3. Economic theory and methods for analyzing operational and strategic problems facing managers of food, fiber and resource businesses; financial, marketing and management topics, including principal-agent, bargaining power, contract theory and business forecasting. Prerequisites: ECON 629 and 630.

218 672. Fundamentals in Agricultural Markets and Information Economics. (3-0). Credit 3. Application of information economics theory for analysis of vertical and horizontal relationships between firms along the supply chain. Prerequisites: AGEC 636 and 661; ECMT 676; ECON 629 and 630. 673. Fundamentals in Resource and Environmental Economics. (3-0). Credit 3. Economic theories and empirical regularities related to the use and management of the environment and natural resources; valuation techniques, externalities, and intertemporal resource management. Prerequisites: AGEC 635, 636, 637; ECON 629 and 630. 674. Food and Agricultural Trade and Policy Analysis. (3-0). Credit 3. Trade policy, farm policy, macroeconomic policy, resource policy and development policy; analysis of policy impacts outside perfect competition and free trade assumptions. Prerequisites: AGEC 614 and 652 or approval of instructor. 676. Frontiers in Markets and Information Economics. (3-0). Credit 3. Exploration of advanced topics in the field of markets and information economics. May be taken twice for credit. Prerequisite: Graduate classification. 677. Frontiers in Natural Resource and Environmental Economics. (3-0). Credit 3. Exploration of advanced topics in the field of natural resource and environmental economics. May be taken twice for credit. Prerequisite: Graduate classification. 681. Seminar. Credit 1 each semester. Objectives are to define research problems, develop research problem statements with objectives and hypothesis and specify relevant models to accomplish the objectives and develop the skills in written communication. 684. Professional Internship. Credit 1 to 3. Pre-professional experience within department guidelines conducted in the area of the student’s field of interest. Prerequisite: Graduate classification. 685. Directed Studies. Credit 1 to 4 each semester. Directed individual study of a selected problem in the field of agricultural economics. 689. Special Topics in… Credit 1 to 4. Selected topics in an identified area of agricultural economics. May be repeated for credit. 691. Research. Credit 1 or more each semester. Thesis or dissertation research. 693. Professional Study. Credit 1 to 9 each semester. Professional paper undertaken as a requirement for the Master of Science Non-Thesis or as an elective for the Master of Agribusiness. May be taken more than once, but not to exceed 3 hours of credit towards a degree. Prerequisite: Approval of instructor. 695. Frontiers in Agribusiness and Managerial Economics. (3-0). Credit 3. Exploration of advanced topics in the field of agribusiness and managerial economics. May be taken two times for credit. Prerequisite: Graduate classification.

219 Appendix G.4. Courses for Master of Science Degree Prerequisites: ECON 323 Microeconomic Theory ECON 410 Macroeconomic Theory MATH 142 Calculus STAT 303 Statistical Methods

Thesis Option: Total Credit 32

Economic Theory: ECON 607 Foundations of Microeconomic Theory (3 cr) ECON 611 Foundations of Macroeconomic Theory (3 cr) Quantitative Methods: AGEC 621 Econometrics for Agribusiness (3 cr) AGEC 622 Agribusiness Analysis and Forecasting (3 cr)

Field Requirements: 6 credit hours of AGEC Field Courses

Research: AGEC 607 Research Methodology (3 cr) AGEC 691 Research (8 cr)

Electives: 3 credits hours in specialization area

Non-Thesis Option: Total Credits 36

Economic Theory: AGEC 619 Managerial Economics for Agri-business (3 cr) ECON 611 Foundations of Macroeconomic Theory (3 cr)

Quantitative Methods: AGEC 621 Econometrics for Agribusiness (3 cr) AGEC 622 Agribusiness Analysis and Forecasting (3 cr)

Field Requirements: 6 credit hours of AGEC Field Courses

Research: AGEC 693 Professional Study (3 cr)

Electives: 12 credit hours in specialization area

220 Appendix G.5. Initial Placement of M.S. Graduates, Agricultural Economics Fall 2003–Summer 2011

Name Thesis Title/Field Area Placement Committee Chair 2010–11 Julie Adams Non-Thesis N/A Ariun Ishdorj and Analysis of Whole Milk vs. Low-fat Milk Assoc. Consultant, North Atlantic Oral Capps, Jr., Co- Emine Bayar Consumption among Children before Consulting Group, Istanbul, chairs Programmatic Turkey

W. Douglass Shaw Risk Perception and Willingness to pay for Sihong Chen PhD, AGEC, TAMU and Alexander L. Removing Arsenic in Drinking Water Brown, Co-chairs David P. Anderson Credit Officer Trainee, Northwest Thomas Cobb Non-Thesis and John L. Park, Farm Credit Co-chairs Applications of Copulas to Analysis of Dmitry V. Vedenov, Vitaly Filonov Weather Derivatives as Primary Crop N/A Chair Insurance Instruments James W. Mjelde, Aaron Fritz Non-Thesis N/A Chair James W. Richardson Application of Hedonic Price Modeling to Senior Analyst, Corporate Banking Ilia Gogichaishvili and Henry L. Bryant, Estimate the Value of Algae Meal Dept., TBC Bank, Tbilisi, Georgia Co-chairs Spatial Analysis of Residential Development David A. Newburn, Alexander Griffin and Urban-Rural Zoning in Baltimore N/A Chair County, Maryland Assessment of U.S. Agriculture Sector and Bruce A. McCarl, Global Operations Senior Randi Hughes Human Vulnerability to a Rift Valley Fever Chair Administrator, Charles Schwab Outbreak The Net Effect of Exchange Rates on David P. Anderson, Myriah Johnson PhD, AGEC, TAMU Agricultural Inputs and Outputs Chair

221 Name Thesis Title/Field Area Placement Committee Chair A Duration Analysis of Food Safety Recall Victoria Salin, Chair Nathaniel Joy Events in the United States: January, 2000 to Chase Manhattan Bank October 2009 PhD, Public Policy, Georgia Tech Henry L. Bryant IV, Yeong Jae Kim Non-Thesis University Chair The Incremental Benefits of the Nearest James W. Richardson Neighbor Forecast of U.S. Energy Accounting Assistant, Ayzenberg and Henry L. Bryant, Olga Kudoyan commodity Prices Group, Inc., Pasadena, CA Co-chairs

James W. Mjelde, So Young Lee Non-Thesis N/A Chair Ronald C. Griffin, Yi-Chi Lin Non-Thesis N/A Chair Appraisal Trainee, Kokel- A. Gene Nelson, Denise Martinka Non-Thesis Oberrender-Wood Appraisal, Ltd., Chair Georgetown, TX Willingness-to-pay for Pomegranates: Marco A. Palma, Consultant, Informa Economics, Callie McAdams Impact of Product and Health Features Using Chair McLean, VA Nonhypothetical Procedures Courtney Moore Non-Thesis N/A Joe Outlaw, Chair Asst. Vice President, Fayette Bank, Danny Klinefelter, Wade Mozisek Non-Thesis LaGrange, TX Chair James W. Mjelde and Price Discovery in the Natural Gas Markets Kyle Olsen PhD, AGEC, TAMU David A. Bessler, of the United States and Canada Co-chairs Piya Abeygunawardena Ligaya Rubas Non-Thesis PhD, ESSM, TAMU and Gary W. Williams, Co-chairs Life Cycle Assessment Applied to 95 James W. Chris Rutland PhD, AGEC, TAMU Representative U.S. Farms Richardson, Chair Laura Schuchard Examining the Economic Implications and Informa Economics Joe L. Outlaw, Chair

222 Name Thesis Title/Field Area Placement Committee Chair Considerations for Continued Involvement in the Conservation Reserve Program in Texas Grany Senyolo Non-Thesis N/A Fred Boadu, Chair 2009–10 Marc Stephen Allison The Future of Biofuels: An Economic N/A James W. Richardson Analysis of the Design and Operation of a Microalgae Facility in Texas and the Southwestern United States Cody Eatherton Non-Thesis MCA Communications, Inc. M. Edward Rister JeongJu Kim Non-Thesis, Finance Deputy Directory, Ministry for David J. Leatham Food, Agriculture, Forestry and Fisheries, Korea Derek Kothmann Non-Thesis Ingram Readymix, Inc. M. Edward Rister John Christopher Comparative Cost Analysis of Alternative Blue Baker Restaurant & Bakery Bruce A. McCarl Looney Animal Tracing Strategies Towards Foot and Mouth Disease Outbreaks in the Texas High Plains Aleksandre Maisashvili The Value of Pasture, Rangeland, Forage PhD, Texas A&M University James W. Richardson Rainfall Index Insurance to Texas Ranchers Chelsea Ryan Non-Thesis N/A Curtis Lard Qun Shi Non-Thesis, Finance N/A Victoria S. Salin Nicholas Adrian Spurr Non-Thesis, Finance N/A John B. Penson 2008–09 Jonathan Ryan Baros Non-Thesis Texas AgriLife Extension John L. Park Sarah Bradbury Non-Thesis Analyst, Texas Public Policy C. Parr Rosson Foundation Stephanie Bradley Non-Thesis N/A Curtis F. Lard Alba Jeanette Collart- Analysis of Brand Recognition Associated PhD in AGEC, TAMU David A. Bessler Dinarte with the Texas Superstar and Earth-Kind & Charles R. Hall Programs in Texas Russell Wade Coufal Non-Thesis N/A Curtis F. Lard Sunil Dhoubhadel Non-Thesis Research Analyst, University of James W. Mjelde

223 Name Thesis Title/Field Area Placement Committee Chair Nebraska Christopher Elrod An Empirical Simulation Analysis of Cotton Analyst, Frito Lay James W. Richardson Marketing Strategies in West Texas Matthew Alan Gleinser A Probabilistic Inventory Analysis of Dairy Farmers of America James W. Richardson Biomass for the State of Texas for Cellulosic Ethanol Melissa Lynn Marsh Non-Thesis Dairy Farmers of America David P. Anderson Donna Marie Mitchell Structural Changes in United States Cotton Equifax John Robinson Supply Vardan Mkrtchyan Non-Thesis N/A Gary W. Williams Meagan Morgan Non-Thesis, Real Estate N/A M. Edward Rister Brittany Morris Economic Feasibility of Ethanol Production Gift Planning Assistant, Texas James W. Richardson from Sweek Sorghum Juice in Texas A&M Foundation Zane Pittman Non-Thesis Analyst, British Petroleum David P. Anderson Courtney Ratheal Non-Thesis N/A J. Richard Conner Brad E. Roberson Non-Thesis Research Associate, TAMU C. Parr Rosson Emily Kaye Seawright Select Economic Implications for the Research Associate, TAMU M. Edward Rister & Biological Control of Arundo Donax Along Ronald D. Lacewell the Rio Grande Iffat Zaman Non-Thesis N/A James W. Mjelde 2007–08 Joseph Benedict Measuring Possible Transaction Costs St. Mary's Law School Frederick O. Boadu Baucum Incurred by Ethanol Plants Thomas Craig Bowen Non-Thesis N/A David P. Anderson Christopher Neil Boyer Economies of Size in Municipal Water Purdue University, PhD program M. Edward Rister Treatment Technologies: Texas Lower Rio Grande Valley Yu-Jen Chen Non-Thesis N/A David J. Leatham Ryan Reid Collins Real Estate and Land Economics N/A Curtis F. Lard Rafael De Farias Costa The Impacts of Improving Brazil's PhD program, AGEC, Texas A&M C. Parr Rosson III Transportation Infrastructure on the World University Soybean Market

224 Name Thesis Title/Field Area Placement Committee Chair Trang Phuong Thi Dang Non-Thesis Texas A&M University, PhD Gary W. Williams program Yeon Hee Doh Non-Thesis N/A Rodolfo M. Nayga, Jr. Lisa Marie Schapira Non-Thesis Instructor, Northeastern Colorado Kerry K. Litzenberg Junior College Eli Del Moore An Economic Evaluation of the Analyst, Customer Marketing M. Edward Rister, Effectiveness of the Texas Pecan Checkoff Group, Inc., Houston, TX and Gary W. Program Williams Brian Namushi Financing Smallholder Agribusiness in Regional Manager, Victoria S. Salin Mwanamambo Zambia: An Economic Analysis of the Zatac Copperbelt/Northern Zambia Model Agribusiness Technical Assistance 2009 SAEA Outstanding Thesis Centre Callie Sue Rogers Economic Costs of Conventional Surface- Investment Analyst, Prudential M. Edward Rister Water Treatment: A Case Study of the Capital, Dallas, TX McAllen Northwest Facility Andres Silva Montes On the Use of Cheap Talk in Hypothetical PhD program, University of Kent, Rodolfo M. Nayga, Product Valuation: A Field Experiment UK Jr. Katherine Valentine Non-Thesis Account Manager, Monsanto John W. Siebert 2006–07 G. Murphy Anderson Examining Causes of Poverty in Latin Analyst, Anderson Oil and Gas, David A. Bessler America and Sub-Saharan Africa Inc., Shreveport, LA Elizabeth Hart (Bise) Mitigating Cotton Revenue Risk Through Cotton Economist, Doane Advisory M. Edward Rister, Barham Irrigation, Insurance, and/or Hedging Service, St. Louis, MO and James W. Richardson Robert G. Brummett Three Essays on the Effect of Information on PhD, Texas A&M University Rodolfo M. Nayga Product Valuation Marissa Joyce Chavez The Efficiency of the U.S. Cotton Futures Research Assistant, Texas Victoria S. Salin Market (1986–2006): Normal Agricultural Experiment Station, El Backwardation, Co-integration, and Asset Paso, TX Pricing Erin Daley Impact of Ethanol Expansion on the Cattle Manager for Research & Analysis, Joe L. Outlaw

225 Name Thesis Title/Field Area Placement Committee Chair Feeding Industry U.S. Meat Export Federation, Denver, CO Meri Davlasheridze U.S. Farmland Price Dynamics: Cause-effect Strategic Projects Manager, Bank David A. Bessler Relationships of Georgia, Republic of Georgia Sung Wook Hong The Usability of Switchgrass, Rice Straw, PhD, Texas A&M University Bruce A. McCarl and Logging Residue as Feedstocks for Power Generation in East Texas Amanda Marie Leister Estimating the Effects of New Product PhD, Purdue University C. Parr Rosson Promotion on U.S. Beef IN GUATEMALA Crystal Dawn Mathews Measuring Value Added Characteristics in N/A David P. Anderson Feeder Cattle Kristen McAllister Economic Assessment of Small-scale Credit Analyst, West Texas Joe L. Outlaw Electricity Generation from Wind National Bank Crystelle L. Miller The Price-size Relationship: Analyzing James W. Richardson Fragmentation of Rural Land in Texas Mark Musumba Factors Influencing International Graduate PhD, Texas A&M University James W. Mjelde, Students' Preferences Concerning Where and Yanhong Jin They Prefer to Start Their Careers J. Michelle (Niemeyer) Non-Thesis N/A C. Parr Rosson III Tomlinson Dustin Van Liew Economic Feasibility and Risk of Using Intern, Animal Health Institute, J. Richard Conner Prescribed Extreme Fire as an Invasive Washington DC Brush Management Tool in Texas Daxin Wang Non-Thesis Ph.D. Student at Claremont College David J. Leatham Clint D. Wolfe Non-Thesis N/A Ronald D. Lacewell Cody John Zilverberg Agriculture, Technology, and Conflict Program Coordinator (IAER) and Edwin C. Price Program Coordinator for Iraq, Bourlag Institute, Texas A&M University 2005–06 David H. Bergquist Non-Thesis N/A H. Alan Love Justin Butler Non-Thesis N/A N/A

226 Name Thesis Title/Field Area Placement Committee Chair Christopher Eggerman Projecting Net Incomes for Texas Crop Information Economics, Memphis, James W. Richardson Producers: An Application of Probabilistic TN Forecasting Amy Hagerman Practices, Perceptions and Performance: A PhD, Texas A&M University John L. Park Texas Cooperative Study Randy S. Jackson Economic Implications of Anaerobic PhD, Texas A&M University James W. Mjelde Digesters on Dairy Farms in Texas Sushma Krishnamurthi Water Supply Aspects of River Authorities N/A Ronald C. Griffin in Texas Sarah McMahon Non-Thesis N/A C. Parr Rosson III Tatevik Zohrabyan The Effect of the Currency Movements on PhD, Texas A&M University David A. Bessler Stock Markets 2004–05 Daniel Bethapudi Dynamic Interactions Between Electricity Mid-South Synergy David A. Bessler Prices and the Regional Economy Anthony R. Duncan Probability of Economic Success for USDA/NASS James W. Richardson Netherlands Dairy Farmers Moving Salt Lake City, UT Operations to the United States Stefphanie M. Gambrell Predicting the Life Cycle of Rice Varieties in Farm Bureau James W. Richardson Texas Washington DC Daniel D. Hanselka Economic Impact of Country-of-Origin Extension Associate, TCE Ernest E. Davis Labeling in the U.S. Beef Industry Texas A&M University Lindsey Higgins An Assessment of the Equitability of Farm Agriculture and Food Policy Center Joe L. Outlaw Program Payments Annette Kuteesa Price Discovery in the Wholesale Markets PhD, Texas A&M University David A. Bessler for Maize and Beans in Uganda David Magana-Lemus A Quantitative Analysis of the Effects of FIRA – Banco de Mexico Victoria Salin Tariff and Non-Tariff Barriers on U.S.- Mexico Poultry Trade Wesley A. Miles Non-Thesis N/A James W. Richardson Yan Xia The Impact of the Removal of the Multi- Research Associate C. Parr Rosson Fiber Arrangement on Textile and Cotton CNAS, Texas A&M

227 Name Thesis Title/Field Area Placement Committee Chair Trade of the United States and China 2003–04 Rafael G. Bakhtavoryan Endogenous Variables and Weak Research Assistant George C. Davis Instruments in Cross-Sectional Nutrient Armenian Academy, Agribusiness Demand and Health Information Analysis: A Teaching Center Comparison of Solutions Inoka Chandrasena The Cost of Agriculturally Based Returned to Sri Lanka Bruce A. McCarl Greenhouse Gas Offsets in the Texas High Plains K.A. Senarath International Black Tea Market Integration University of Peradeniya, Sri Lanka David A. Bessler Dharmasena and Price Discovery Marla Dickerson Analysis of Farm-to-Retail Price Spreads for N/A Oral Capps, Jr. Whole and Two Percent Milk in Seven Selected Cities Max D. Fisher Non-Thesis USDA/FSA Mark L. Waller Kansas City Mary C. Gillett Consumer Approval of Genetic Modification Rodolfo M. Nayga of Food Products: A Comparison of United States and South Korean Perspectives Shayla D. Hager Determining Price Differences Among Ernest E. Davis Different Classes of Wool from the U.S. and Australia Kaunda Kapepula Non-Thesis Returned to Zambia Frederick O. Boadu Robert Burge Linton Non-Thesis Producers Cooperative Joe Outlaw Max D. Menzies, III Investigating the Growth of the Texas Cattle PhD, Texas A&M University Ernest E. Davis Feeding Industry and the Possible Need for Additional Slaughter Capacity Kwinarajit Marketing N/A Gary W. Williams Sachchamarga Allyson St. Cyr Farm Management Systems N/A James M. McGrann Atsushi Yonaga Non-Thesis Returned to Japan David J. Leatham

228 Appendix G.6. Listing of PhD Course Curriculum

Curriculum Total Credits 64

Economic Theory (7 credit hours) ECON 629 Microeconomic Theory I ECON 630 Microeconomic Theory II

Core Requirement (9 credit hours) AGEC 635 Consumer Demand Analysis for Food and Agricultural Products AGEC 636 Agribusiness Markets and Applied Welfare Analysis AGEC 637 Production Economics and Dynamic Optimization in Ag Econ

Quantitative Methods (14 credit hours) ECMT 674 Statistics for Economists AGEC 661 Applied Econometric Methods in Agriculture AGEC 641 Operations Research Methods in Agricultural Economics OR AGEC 643 Applied Simulation in Agricultural Economics 2 Electives in Econ Theory or Quantitative Methods

Research Requirement (22 Credit Hours)

Field Requirement (12 Credit Hours) – Six credits of field courses are elective and may be selected from inside or outside the Department

AGEC 671 Fundamentals in Agribusiness and Managerial Economics AGEC 672 Fundamentals in Markets and Information Economics AGEC 673 Fundamentals in Resource and Environmental Economics AGEC 674 Food and Agricultural Trade and Policy Analysis AGEC 676 Frontiers in Markets and Information Economics AGEC 677 Frontiers in Resource and Environmental Economics AGEC 695 Frontiers in Agribusiness and Managerial Economics

229

Appendix G.7. Initial Placement of PhD Graduates, Agricultural Economics Fall 2003– Summer 2011 Source http://agecon.tamu.edu/graduate/graduate_students_placement_phd.html#2010

Name Dissertation Title Placement Chair(s) 2010–11 Essays on Nonparametric Series Meng-Shiuh Estimation with Application to Returned to China Ximing Wu, Chang Financial Econometrics Chair David J. Essays Incorporating New Risk Asst. Professor, North Leatham and Ryan Larsen Modeling Techniques in Dakota State Dmitry V. Agriculture University Vedneov, Co- chairs The Impact of Biofuel and Greenhouse Gas Policies on Research Assoc., Justin Baker Land Management, Agricultural Duke University Production and Environmental Bruce A. Quality McCarl, Chair The Effect of Transaction Costs on Greenhouse Gas Emission Seong Woo Kim Returned to Korea Mitigation for Agriculture and Bruce A. Forestry McCarl, Chair Bruce A. An Economic Study of Carbon Darmawan Research Assoc., McCarl and Capture and Storage (CCS) Prasodjo Duke University Jianbang Gan, System Design and Policy Co-chairs David A. Bessler and Essays on Pricing Behaviors of Xiaoyan Qin N/A David J. Energy Commodities Leatham, Co- chairs Essays on Economic and Asst. Professor, Environmental Analysis of Jiangxi University of Chih-Chun Kung Taiwanese Bioenergy Finance and Bruce A. Production on Set-Aside Land Economics McCarl, Chair David A. Causal Connection Search and Bessler and Pei-Chun Lai Structural Demand Modeling on N/A Yanyuan Ma, Retail-level Scanner Data Co-chairs Essays on Regression Spline Structural Nonparametric Ke Li Stochastic Production Frontier N/A Estimation and Inefficiency Ximing Wu, Analysis Models Chair

230

Name Dissertation Title Placement Chair(s) Asst. Research Modeling Economic Resilience Fellow, Chunghua Hen-I Lin and Animal Disease Outbreaks Inst. of Economic Bruce A. in the Texas High Plains Research McCarl, Chair 2009–10 Pedro Aya-Ay Essays on Choice and Demand Research Associate, Oral Capps, Jr. Alviola IV Analysis of Organic and University of Conventional Milk in the United Arkansas-Fayetteville States Benjamin Louis Essays on Healthy Eating and Research Scientist, John L. Park & Campbell Away from Home Food Vineland Research & Rodolfo M. Expenditures of Adults and Innovation Centre, Nayga Children Canada Chul Choi An Analysis on Agricultural Korean government David A. Market Behavior Bessler Senarath The Non-alcoholic Beverage Research Associate, Oral Capps, Jr. Dharmasena Market in the United States: Texas A&M Demand Interrelationships, University Dynamics, Nutrition Issues and Probability Forecast Evaluation Aklesso Integrated Economic-Epidemic Research Associate, Bruce A. Egbendewe- Modeling of Avian Influenza Michigan State McCarl Mondzozo Mitigation Options: A Case University Study of an Outbreak in Texas Francisco Fraire- Inductive Causation on Strategic Senior Associate, David J. Dominguez Behavior: The Case of Retailer MSCI, Monterrey Leatham and Manufacturer Pricing Mexico Qi Gao Three Essays on Bio-Security N/A Bruce A. McCarl Amy Deann Essays on Modeling the Post-doctoral Bruce A. Hagerman Economic Impacts of a Foreign Research Associate, McCarl Animal Disease on the U.S. TAMU Agricultural Sector Wei Huang The Impacts of Recent Avian N/A Bruce A. Flu Outbreaks on Financial McCarl Markets Iksu Jun Essays on Dynamic Value N/A Desmond Ng Change Perspective in Resource Based View, Determinants of Alliance Formation and Risk Preference in Alliance Formation Memory Essays on the Impact of Research Associate, James W. Machingambi Development on Agricultural Texas A&M Mjelde Land Amenities and Values in University

231

Name Dissertation Title Placement Chair(s) Texas Beom Su Park Modeling Structural Changes in Korean government James W. Market Demand and Supply Richardson Xavier Essays on the Effect of Climate N/A Bruce A. Villavicencio Change on Agriculture and McCarl & Forestry Ximing Wu 2008–09 Yongxia Cai Water Scarcity, Climate Change, Research Associate, Bruce A. and Water Quality: Three MIT McCarl Economic Essays Jody Lynn Effects of Changes in U.S. Assistant Professor, James W. Campiche Ethanol Production from Corn Oklahoma State Richardson & Grain, Corn Stover, and University Henry L. Switchgrass on World Bryant, III Agricultural Markets and Trade Lindsey Marie Regional Differences in Corn Instructional Assistant James W. Higgins Ethanol Production: Profitability Professor, Texas Richardson and Potential Water Demands A&M University Gayaneh Methodology and Applications Research Associate, Oral Capps, Jr. Kyureghian in Imputation, Food University of Consumption and Obesity Nebraska Research Aaron T. Mamula License Buyback Programs in Economic Analyst, Richard T. Commercial Fisheries: An NOAA, California Woodward and Application to the Shrimp Wade L. Griffin Fishery in the Gulf of Mexico Jared Wolfley Machinery Sharing by Market Analyst, James W. Agribusiness Firms: AgriNorthwest Mjelde Methodology, Application, and Simulation Tatevik Three Essays on Applied Instructor, David A. Zohrabyan Economics Agribusiness Training Bessler and Center David J. Leatham 2007–08 Chin Man Chui Essays on Exponential Series Assistant Professor, Ximing Wu Estimation and Application of Institute for Financial Copulas in Financial and Accounting Econometrics Studies, Xiamen University Man Seung Han Environmentally Related Water N/A Bruce A. Trading, Transfers and McCarl and Environmental Flows: Welfare, Richard T. Water Demand and Flows Woodward Rong Hu Market Reactions to Animal Assistant Professor, Bruce A.

232

Name Dissertation Title Placement Chair(s) Disease: The Case of Bovine Southwestern McCarl and Spongiform Encephalopathy University of Finance Yanhong Jin Discoveries in North America and Economics, Chengdu, China Dae-Heum Kwon Causality and Aggregation in Asst. Professor, North David A. Economics: The Use of High Dakota State Bessler Dimensional Panel Data in University, Fargo, ND Micro-econometrics and Macro- econometrics Thein Maung Economics of Biomass Fuels for Interim Lecturer, Bruce A. Electricity Production: A Case Texas A&M McCarl Study with Crop Residues University-Commerce To Ngoc Nguyen Essays on Econometric N/A Richard T. Modeling of Subjective Woodward and Perceptions of Risks in W. Douglass Environment and Human Health Shaw Moonsoo Park Economic Analysis of the Meat Assoc. Research H. Alan Love Supply Chain Fellow, Korean and Yanhong Institute for Industrial Jin Economics and Trade Sang Cheol Shin Three Essays on Applied Research Fellow, Bruce A. Economics Korea Environment McCarl Institute 2006–07 Hwa Nyeon Kim Transferable Rights in a Research Fellow, Richard Recreation Fishery: An Samsung Economic Woodward and Application to the Red Snapper Research Institute, Wade Griffin Fishery in the Gulf of Mexico Seoul, Korea Geoffrey Michael Essays on Horizontal Merger Asst. Professor, Oral Capps, Jr. Pofahl Simulation: The Curse of Michigan State Dimensionality, Retail Price University Discrimination, and Supply Channel Stage-Games Kenneth Ray Market Penetration of Biodiesel N/A Bruce A. Szulczyk and Ethanol McCarl Juan Yang Three Essays on Monetary Asst. Professor, PKU, David J. Policy, the Financial Market, China Leatham and Economic Growth in the U.S. and China Yan Yuan Assessing the Demand for Post-doc, University Rodolfo M. Phytosterol-enriched Products of Tennessee- Nayga and Oral Knoxville Capps, Jr. Jin Zhang Three Essays on Business Asst. Professor, David J. Failure: Causality and Prediction Southwestern Leatham University of Finance

233

Name Dissertation Title Placement Chair(s) and Economics, China En Zhu The Role of U.S. Agricultural Research Associate, Bruce A. and Forest Activities in Global International Food McCarl and Climate Change Mitigation Policy Research Jianbang Gan Institute, Washington DC 2005–06 Jin Woong Kim Essays on Empirical Time Series Korea Institute for David J. Modeling with Causality and Industrial Economics Leatham Structural Change & Trade (KIET) Ernesto Household Income Pooling and CFO, Hospital Infantil George C. Perusquia-Corres the Demand for Food: Does Privado, Mexico Davis Family Financial Structure Matter? Pablo Sherwell- Three Essays Concerning FIRA – Banco de Oral Capps, Jr. Cabello Economic Analysis Associated Mexico with the Supply Chain Wen You Parental Time and Children's Associate Research George C. Obesity Measures: A Theoretical Scientist, TAMU Davis and and Empirical Investigation Rodolfo M. Nayga 2004–05 Dhananjaya Examining Solid Waste Race and Ethnic James W. Arekere Management Issues in the City Studies Institute Texas Mjelde of Bryan A&M University Levan Elbakidze An Economic Exploration of Research Associate Bruce A. Prevention Versus Response in Texas A&M McCarl Animal Related Bioterrorism University Decision Making Juno Kim A Credit Risk Model for National Agricultural John B. Penson Agricultural Loan Portfolios Cooperative Under the New Basel Capital Federation (Korea) Accord Michael H. Lau Location of an Agribusiness Assistant Professor James W. Enterprise with Respect to Sam Houston State Richardson Economic Viability: A Risk University Analysis Haesun Park Essays on Price Dynamics, Export-Import Bank James W. Discovery, and Dynamic of Korea Mjelde Threshold Effects Among Energy Spot Markets in North America Luis Ribera- Econometric Model of the U.S. Texas Cooperative James W. Landivar Sheep and Mohair Industries for Extension Richardson Policy Analysis

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Name Dissertation Title Placement Chair(s) Gustavo Sanchez- Endogenous Trade Protection STATA David A. Bizot Under Regional Trade Bessler Agreements: the Andean Case Sangtaek Seo Effects of Federal Risk Assistant Professor, David J. Management Programs on Chungbuk National Leatham Investment, Production, and Univ., Korea Contract Design Under Uncertainty Matthew C. Applications of Demand Asst. Oral Capps, Jr. Stockton Analysis for the Dairy Industry Professor/Specialist, Using Household Scanner Data University of Nebraska Tun-Hsiang Yu Essays on the Upper Mississippi Research Assoc., Iowa Stephen W. River and Illinois Waterway and State University Fuller U.S. Grain Market 2003–04 Armen Asatryan Armenia Gabriel Casillas- Essays in Monetary Policy Banco de Mexico David A. Olvera Conduction and Its Bessler Effectiveness: Monetary Policy Rules, Probability Forecasting, Central Bank Accountability, and the Sacrifice Ratio Won-ik Jang Korea Man-Keun Kim Economic Investigation of Joint Climate Change Bruce A. Discount Factors for Research Institute, McCarl Agricultural Greenhouse Gas University of Emission Offsets Maryland Grant F. Pittman Drivers of Demand, Bank of America Oral Capps, Jr. Interrelationships, and Charlotte, NC Nutritional Impacts Within the Nonalcoholic Beverage Complex Debra J. Rubas Technology Adoption: Who Is USDA/FAS James W. Likely to Adopt and How Does Mjelde the Timing Affect the Benefits? Wes Welch Academic Advisor, Gary W. Florida Williams

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Appendix I. Intercollegiate Faculty of Agribusiness

Appendix I.1. Articles and By-Laws of the Intercollegiate Faculty of Agribusiness

TEXAS A&M UNIVERSITY Intercollegiate Faculty of Agribusiness As Amended and Approved 2009

Articles and Bylaws

Article I. Background

The Intercollegiate Faculty of Agribusiness was created to provide administrative leadership to the newly established Master of Agribusiness degree program. The Master of Agribusiness program will be jointly administered by the College of Agriculture and Life Sciences (COALS) and the Mays Business School through a Program Director, Program Executive Committee, and Intercollegiate Faculty. Additional background information regarding this master’s program is provided below.

Furthering the development of value added agricultural and food enterprises in Texas and the U.S. will require considerable managerial expertise. Graduate-trained managers are needed who are comfortable working in their own specific disciplines and who also have insights for the total business environment. These graduates need an understanding of the unique challenges and issues facing the agricultural and food sector. To train these graduates, universities must foster strong interdepartmental and inter-college teaching and research programs, particularly in management leadership.

The Master of Agribusiness program is designed to address these needs and to provide graduates with a view that integrates agriculture and business management. There is both a national, as well as a regional, need for this type of training. Approximately 1.12 million jobs are associated with the agribusiness sector in Texas, yet few graduate programs exist that prepare students for agribusiness careers.

Locally, the Master of Agribusiness program offers substantial benefits to the faculty, students and graduates of Texas A&M University and will make a significant contribution to developing agribusiness leadership for the 21st century. As the Texas economy strives to shift to value-added industries and increased international trade and business development, this program can be very important to the State. Some example benefits are:

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 Establishing Texas A&M University as one of a select cadre of national programs which successfully combine business and agriculture to focus on agribusiness management.

 Attracting high quality, mature students interested in the integration of business and agriculture.

 Preparing graduates who will become industry leaders within 5 to 7 years after graduation.

 Providing an excellent opportunity to significantly increase and broaden the interaction between colleges.

 Encouraging faculty and students from several departments and colleges to engage in joint education and research activities.

 Enhancing university/industry partnerships through effective use of external development and advisory activities.

 Offering excellent visibility when seeking external industry funding.

 Increasing the number of student projects involving industry-based internships.

 Supporting the value-added and international business development efforts across the State in agribusiness.

The program responds to the need for advanced training to prepare students for management careers in the agribusiness sector. The U.S. Department of Agriculture estimates that there are approximately 10% more job openings than applicants for college graduates with expertise in agriculture and business. The opening of new trade opportunities, changes in government policies affecting agriculture, increasing integration and concentration in food and fiber industries, and growing concerns about environmental quality and food safety have contributed to this growing need for more specialized, in-depth training applying economic and business principles within the unique institutional marketing environment in which agribusinesses operate.

Specifically, the Intercollegiate Faculty of Agribusiness will embrace and support the educational objectives of the Master of Agribusiness degree program, which are to:

 Develop graduates who can make decisions that lead to the creation of maximum value in the marketplace and who understand how agribusiness markets change and how social, political, legal, economic, international, and technological forces drive and influence such change.

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 Develop graduates who can foster innovation in agribusiness organizations, respond effectively to new circumstances, and through their actions enable agribusiness firms and society to realize the potential of such innovations.

 Develop graduates with a rigorous understanding of core agribusiness management functions and with problem-solving skills reflecting an integration of functional perspectives. Graduates should be prepared to assume positions of leadership and contribute immediately to the improved performance of their respective agribusiness organizations.

 Develop graduates with the capability to organize, describe, and make intelligent inferences from empirical evidence. Graduates should be able to apply sophisticated statistical techniques to data; make informed forecasts of agribusiness trends; and formulate, solve, and interpret quantitative decision models.

 Develop graduates who understand and value individual differences and have the communication and collaborative skills needed to work effectively in functionally and culturally diverse teams.

 Develop graduates with knowledge of the social responsibilities of agribusiness to its stakeholders; who are able to identify ethical dilemmas; and who understand frameworks for selecting and defending a right course of action.

Article II. Purpose

The Master of Agribusiness program will be jointly administered by the College of Agriculture and Life Sciences (COALS) and the Mays Business School through a Program Director, Program Executive Committee, and the Intercollegiate Faculty. The individual faculty and resources needed to administer the Master of Agribusiness degree program currently exist. However, the Intercollegiate Faculty of Agribusiness is being established to:

Foster the intercollegiate development of the Master of Agribusiness degree program.

Enhance communication between the faculty members in the College of Agriculture and Life Sciences (Department of Agricultural Economics) and the Mays Business School (Departments of Marketing, Management, Finance, Accounting and Business Analysis).

Utilize faculty expertise in business and agribusiness to strengthen the Master of Agribusiness degree program.

Capitalize on the contacts that Faculty members have made with firms and leaders within the food and agribusiness industry for student recruitment, placement, and internships.

Article III. Administrative Responsibilities of the Program Director/Chair

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The Program Director will be appointed by the Deans of the two colleges to serve a three- year term and will be responsible for all tasks pertaining to the daily operation of the program. Administrative record keeping for the program will reside in the Program Director's administrative office. Administrative duties of the Program Director are:

Serves as the Chair of the Intercollegiate Faculty and develops an annual report for presentation to the Intercollegiate Faculty relating historical progress and future plans for the Master of Agribusiness degree program.

Develops strategic plans and programs for publicizing, promoting, and recruiting for the Master of Agribusiness degree program,

Develops industry support in the form of student internships, assistantships/fellowships, research support, development funding, and student placement,

Ensures that the curriculum is consistent with program objectives,

Works with department heads to schedule courses and faculty to maintain the program, and

Fosters growth and development of the intercollegiate faculty and utilizes their resources to enhance the program.

Article IV. Executive Committee

The Executive Committee will comprise:

1. Chair: Chair, Intercollegiate Faculty of Agribusiness and Director, Master of Agribusiness Program. 2. Vice Chair: Associate Dean, Mays Business School 3. Member: Associate Head for Graduate Studies, Department of Agricultural Economics

Article V. Responsibilities of the Executive Committee

The responsibilities of the Executive Committee will be to:

1. Provide oversight to the activities of the Operations Committees of the Master of Agribusiness and PhD in Agribusiness and Managerial Economics degree programs.

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Article VI. Operations Committees

1. Master of Agribusiness Chair: Chair, Intercollegiate Faculty of Agribusiness and Director, Master of Agribusiness Program Members: 2 Faculty appointed by the Executive Committee on alternate years, 2 year appointment Ex Officio: Associate Dean, Mays School of Business

2. PhD in Agribusiness and Managerial Economics Co-Chair: Associate Head for Graduate Studies, Department of Agricultural Economics Co-Chair: Chair, Intercollegiate Faculty of Agribusiness and Director, Master of Agribusiness Program Members: 2 Faculty appointed by the Executive Committee on alternate years, 2 year appointment Ex officio: Associate Dean, Mays School of Business, and Chair of the Graduate Advisory Committee, Department of Agricultural Economics

Article VII. Responsibilities of Operations Committees 1. Responsibilities of Master of Agribusiness Operations Committee: A. Admissions  Review all applications for admission to the Master of Agribusiness degree program and provide input to the Director of the program. B. Budget  Review and advise on the budget for the Master of Agribusiness program. C. Scholarships and awards  Review and advise the Director of the MAB program on all Fellowship and Scholarship award applications. D. Curriculum  Advise the Executive Committee and the Director of the program on issues pertaining to the curriculum.

2. Responsibilities of PhD in Agribusiness and Managerial Economics Operations Committee: A. Admissions  Review and advise on all applications for admission to the Intercollegiate PhD degree B. Budget  Review and advise on the budget for the Intercollegiate PhD program. C. Scholarships, assistantships, and awards  Review and advise on all Fellowship and Scholarship award applications.  Review and advise on applications for assistantships.

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D. Curriculum  Advise the Executive Committee on issues pertaining to the curriculum. E. Evaluation examinations  Operations committee may appoint a committee that will coordinate and oversee all qualifier and preliminary examinations. Article VIII. Responsibilities of the Intercollegiate Faculty

The Intercollegiate Faculty will:

1. Promote the teaching and graduate programs in agribusiness at Texas A&M University.

2. Provide input to the Program Director and Executive Committee regarding admission requirements, preparation, and training of candidates for the Master of Agribusiness and PhD in Agribusiness and Managerial Economics degrees.

3. Assist with promotion of and recruitment for the Master of Agribusiness and PhD in Agribusiness and Managerial Economics degree programs,

4. Provide input on new student applications.

5. Develop industry support in the form of student internships, assistantships/fellowships, research support, and development funding.

Article IX. Faculty Membership

Membership requirements of the Intercollegiate Faculty of Agribusiness are as follows:

1. Members of the Intercollegiate Faculty of Agribusiness must be members of the TAMU Graduate Faculty.

2. Nominations for Intercollegiate Faculty membership may be made by any member of the Intercollegiate Faculty in writing to the Chair of the Intercollegiate Faculty. The Intercollegiate Faculty of Agribusiness will be responsible for approving, disapproving, or deferring action on all nominations for membership.

3. Memberships will be granted in one of three categories:

a. Administrative* – members of Executive Committee who are automatically full members b. Full* – activities include, but are not limited to teaching, participating as committee chair for PhD students, actively involved in interdisciplinary research with other IFA members or students.

* Only Administrative and full members will be required to report on intercollegiate faculty activities on their annual reports.

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c. Associate – activities include, but are not limited to teaching, informal advisory capacity with students, committee member for PhD students, cooperation with and support of program objectives.

Article X. Meetings

1. The annual meeting of the Intercollegiate Faculty of Agribusiness shall be held during the first quarter of each year. Items for the agenda must be submitted in writing to the Executive Committee at least two weeks prior to the annual meeting. As Chair of the Intercollegiate Faculty, the Program Director will develop an annual report in the first quarter of each year for presentation to the Intercollegiate Faculty relating historical progress and future plans for the Master of Agribusiness degree program. Upon acceptance of the Program Director's report, it will be forwarded to the Deans of the two colleges and the Council of Deans.

2. Special meetings for the Intercollegiate Faculty of Agribusiness may be held at the call of the Chair or by written application to the Executive Committee by at least three members of the Intercollegiate Faculty.

3. A regular meeting of the Executive Committee shall be held on a quarterly basis, unless otherwise determined by vote of the Faculty. Other meetings of the Executive Committee may be held as frequently and for such purposes as are deemed desirable by the Executive Committee.

4. The minutes of each Annual and Executive Committee meeting shall be approved by the Executive Committee and distributed to all members of the Faculty within ten working days after the meeting. Corrections, if needed, will appear in the minutes of the next meeting.

5. At Executive Committee and Faculty meetings, Robert’s Rule of Order shall be followed in matters of parliamentary procedure.

Article XI. Committees

When deemed necessary, subcommittees may be created by action of the Faculty or the Executive Committee to assist in curriculum review, recruitment, faculty development, student placement, or other matters pertaining to the administration of the degree program.

Article XII. Student Participation

6. A graduate student representative shall be appointed by the Chair to committees as deemed appropriate by the Executive Committee.

Suggestions for changes in Curriculum, Program, Admissions, or items of similar interest to students may be submitted in writing at any time by any registered graduate student to the Executive Committee.

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Article XIII. Amendments

Suggestions for amendments to the Bylaws may be submitted in writing at any time by any member of the Faculty to the Executive Committee. The Executive Committee will schedule discussion by the Faculty of any such amendments at its next scheduled annual meeting, and submit such suggestions for mail ballot. All amendments to the Bylaws must be approved by at least two-thirds of the votes cast by the members of the Faculty via an email or mail ballot.

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Appendix I.2. Current Members of the Intercollegiate Faculty of Agribusiness

Name Rank and Title Department David Bessler Regents Professor AGEC David Blackwell Associate Dean for Graduate Programs FINC Republic Bank/James W. Aston Professor of Finance Oral Capps, Jr. Regents Professor and Holder of the Southwest Dairy AGEC Marketing Chair Austin Daily Clinical Professor and Holder of the Deloitte Professional ACCT Program in Accounting Director’s Professorship Larry Gresham Associate Professor MKTG Eluned Jones Professor, Chair, Intercollegiate Faculty of Agribusiness AGEC and Director, Master of Agribusiness Program Danny Klinefelter Regents Fellow, Professor and Extension Specialist AGEC David Leatham Professor, Assoc. Head for Graduate Programs AGEC Kerry Litzenberg Professor and Eppright Professor of Undergraduate AGEC Teaching Excellence Bruce McCarl Distinguished Professor AGEC Regents Professor of Agricultural Economics and of Water Management and Hydrological Science A. Gene Nelson Professor AGEC Desmond Ng Assistant Professor AGEC John Nichols Professor and Department Head AGEC/FSCT Clair Nixon Professor and Holder of the PricewaterhouseCoopers ACCT Accounting Excellence Professorship John Penson Regents Professor and Holder of the Stiles Professor of AGEC Agriculture Bill Pride Professor MKTG James Richardson Regents Professor AGEC Victoria Salin Associate Professor AGEC John Siebert Professor AGEC

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Appendix I.3. MAB Program Summary and Course Requirements

REQUIRED COURSES Course Course Title Credits Foundation Coursese: ACCT 640 Accounting Concepts and Procedures 3 AGEC 619 Managerial Economics in Agribusiness 3 FINC 635 Financial Management 3 MGMT 655 Survey of Management 3 MKTG 621 Survey of Marketing 3 Quantitative Courses: AGEC 621 Econometrics for Agribusiness 3 AGEC 622 Agribusiness Analysis and Forecasting 3 Field Course Requirements: AGEC 625 Environment of Agribusiness 3 AGEC 629 Agribusiness Strategic Management 3 AGEC 630 Financial Analysis for Agribusiness Firms 3 Any department 3 Elective courses 9 Total hours required 39 a Some Mays Business School classes may be offered in the summer term. b or ECON 311 or AGEC 430 c or MATH 131, 151 or 171 d or INFO 303 e Students may elect to take a more advanced course in ACCT, FINC, MKTG, or MGMT with the approval of the MAB Program Director.

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Appendix I.4. Master of Agribusiness: Typical Schedule

Fall (First Year) Spring (First Year) Summer

Required Required Field Electives AGEC 619 (3) Managerial AGEC 622 (3) Agribusiness 6 hours of electives (may Economics in Agribusiness Analysis & Forecasting include AGEC 684 Internship) AGEC 621 (3) Econometrics AGEC 625 (3) Environment for Agribusiness of Agribusiness FINC 635 (3) Financial MKTG 621 (3) Survey of Management Marketing MGMT 655 (3) Survey of ACCT 640 (3) Accounting Management Concepts and Procedures

Fall (Second Year)

AGEC 629 (3) Strategic Agribusiness Management AGEC 630 (3) Financial Analysis for Agribusiness Firms Elective (3)

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Appendix I.5. Student Self Evaluation and Learning Assessment

AGEC 625 Environment of Agribusiness – Feedback

As stated in the syllabus, the specific objectives of this course were to assist the student to:  Understand the economic forces that create and support change,  Develop the skills to research material in support of analysis, and  Develop the ability to interpret market signals and trends using descriptive and quantitative analysis.

Outcomes – acquired knowledge demonstrated via: Products:  Individual and group assignments  Oral presentations  Oral defense and debate  Written analyses  Peer review of oral and written analyses Exhibiting knowledge of:  Research and analysis protocols  Economics and business language  US and global industry leaders  Application of quantitative methods of analysis  Primary information and data sources

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By completing the following questions the Professor can better understand if any learning approaches work better than others in achieving the course objectives, and which are not efficient. Please check the most appropriate column:

Unchanged Improved I am now Not applicable – I from (reasonably) already had, and beginning of confident in was confident in semester this area this area Understand the economic forces that create and support change in the food and agribusiness sector Knowledge of U.S. and global food and agribusiness industry and corporate leaders. Develop analytical research skills – researching background material Use economic analysis to describe situations and opportunities in the food and agribusiness industry Ability to interpret market signals and trends using descriptive and/or quantitative analysis Ineffective in Effective, but not Effective, and I achieving my my preferred enjoyed this learning objectives method of learning method of learning Topic research (To increase understanding of the complexity and breadth of each issue) Topic presentations (To gain experience in defending analysis) Assigned partner (To increase understanding of different perceptions & analytical approaches to the same issue) Chosen partner

Questions written and submitted during class (To increase engagement in class) Media Log or Diary Mid Semester take-home exam (Benchmark on integrating economic analysis skills with increased understanding of the food and agribusiness industry) Project portfolio (To gain confidence in integrating analytical skills) Take-home Final

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Given a choice of learning environments please indicate your preferred structures: Check all that apply Class lectures by professor Mixture of lectures and student presentations Facilitated discussions where students are prepared (readings etc) Assignments (graded) Assignments (ungraded, for study purposes only) Mid-semester take-home exam Mid-semester in-class exam Final take-home exam Final exam in-class exam Individual paper or project Team paper or project There are general guidelines to facilitate your learning Guidelines with specific materials that must be learned and, or, skills acquired

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AGEC 629 Strategic Agribusiness Management – Feedback

As stated in the syllabus, the specific objectives of this course were to assist the student to: o Develop the ability to conduct economic analysis across a variety of industries and competitive situations o Improve understanding of the competitive challenges of a global market environment o Integrate the knowledge and skills developed during the course of the MAB program o Provide experience in evaluating the strategic position of a company, considering alternative future strategies and presenting analysis in the appropriate format for decision-makers o Improve ability to manage the analytical process, culminating in a supported decision or proposed action plan

Outcomes – acquired knowledge demonstrated via:

 Individual assignments  Assignments completed in team format, where the teams reflect the diversity of culture, gender and disciplinary background strengths  Oral presentations  Oral defense and debate  Written analyses  Peer review of oral and written analyses

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By completing the following questions the Professor can better understand if any learning approaches work better than other in achieving the course objectives, and which are not efficient.

Please check the most appropriate column: Unchanged from Proficient but I am (reasonably) beginning of not confident confident in this semester area Conduct economic and business analysis relating to a diverse food and agribusiness industry Knowledge of U.S. and global challenges to competitive market position Integration of skills developed as part of [your] MAB degree Evaluation of the strategic position of a company and consideration of alternative strategies Ability to make a recommendation based on your analysis Ability to create a concise report of your analysis

Ineffective in Effective, but not Effective, and I achieving my my preferred enjoyed this learning objectives method of learning method of learning Individual case analysis reports

Team case analysis reports

Oral review of cases

Peer review of case reports

Portfolio research project

Peer review of portfolio executive summary Presentation of project results

Mid-Semester oral exam

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Appendix I.6. Skills Audit

Learning Style Name: ______

-0.Active Hands-on Reflective Think it through Sensing Literal/factual Intuitive Abstract concepts Visual Images (pictures, charts, Verbal Text, oral graphs) communication Sequential Linear, stepwise Global Big picture, big progression to reach ‘jumps’ to reach understanding understanding

Content/Discipline Skills Name: ______

Rank level of ‘skill’ where 1 = poor, 2 = OK, 3 = reasonable proficiency, 4 = good, consider this a ‘strength’, 5 = major strength, focus of employment credentials

1 2 3 4 5 Industry knowledge Financial analysis Management/logistics analysis Human resource/compensation Market analysis Forecasting, simulation Economic analysis Data management Work experience 1 = no work experience or internship 2 = non-career related work experience but no internship 3 = internship 4 = internship + some career-related work experience 5= 1 or more years career-related work experience

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Team Skills Name: ______

Rank level of ‘skill’ where 1 = poor, 2 = OK, 3 = reasonable proficiency, 4 = good, consider this a ‘strength’, 5 = major strength, focus of employment credentials

1 2 3 4 5 Creative thinker, innovator, visionary Detail oriented, usually double and triple check Adhere to timeline closely, a communicator who keeps everyone up-to-date Organizer, planning and organization Documentation, clear and complete Facilitator, ensure all team members are involved, conflict mediator

Leaders Results Matrix Name: ______

Team members should have a 4 or 5 rating in each skill, or a justification for why this person was chosen, e.g., their ability in one area was considered of greater importance in fulfilling the overall goals of the team make-up; the market was oversupplied with certain skills and undersupplied in others.

Style Team skill Content skill Person 1

Person 2

Person 3

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Appendix I.7. PhD in Agribusiness and Managerial Economics Program Summary and Course Requirements

Degree Requirements

PhD students are expected to gain an acceptable level of competency in economic theory, quantitative methods, and their field areas. The courses necessary to meet PhD requirements are listed below. Any alterations in course requirements must be accompanied by a written explanation from the student (and endorsed by the student’s advisory committee chair) to the Chair of the Intercollegiate Faculty of Agribusiness (IFA) at the time the degree plan or any petition to alter the plan is submitted. The Chair of the IFA must approve alterations in course requirements. Credit Hour Requirements The program requires a minimum of 45 credit hours of course work and a maximum of 19 credit hours of AGEC 691 (Research). A minimum of 9 hours in specific courses in the Mays Business School will be required for each area of emphasis. Course work counted toward a Master’s degree cannot be counted on a PhD student’s degree plan. Prerequisites Minimum prerequisites include a Master of Agribusiness, an MS in Agricultural Economics or Economics, an MS degree in a business field such as Finance, Accounting, Management, Marketing or Information Systems, an MBA, or equivalent degree. Depending upon the student’s background, specific prerequisite courses may be required. A student undertaking this program of study must have completed the following or equivalent courses: ECON 607 Foundations of Microeconomic Theory ECON 611 Foundations of Macroeconomic Theory AGEC 621 Econometrics for Agribusiness ECMT 660 Mathematical Economics I AGEC 607 Research Methodology (not required if student has completed a MS thesis)

Second Year Continuation Continuation in the PhD in Agribusiness and Managerial Economics will be evaluated after the student has completed the first year of core courses and passed the AGEC Qualifier exam. Continuation will be based on criteria established by the PhD in Agribusiness and Managerial Economics operations committee of the IFA. The IFA will set the continuation standards for the program, and provide oversight of the evaluation process. These standards will be consistent with those of existing PhD programs offered by the Mays Business School and the Department of Agricultural Economics at Texas A&M University. Program Requirements: Competency in economic theory and application is expected. Two courses (7 credit hours) are taken to meet the minimum microeconomic theory requirement. Economic Theory and Applications Microeconomic Theory:

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ECON 629 Microeconomic Theory I ...... 3 Credits ECON 630 Microeconomic Theory II ...... 4 Credits Total Economic Theory requirements ...... 7 Credits

Core Requirements Three courses (9 credit hours) covering advanced material which comprise a common body of critical knowledge is required for all PhD students. AGEC 635 Consumer Demand Analysis for Food and Agricultural Products ... 3 Credits AGEC 636 Agribusiness Markets and Applied Welfare Analysis ...... 3 Credits AGEC 637 Production Economics and Dynamic Optimization in Ag. Econ. .... 3 Credits Total Core Requirements ...... 9 Credits

Total Economic Theory and Applications ...... 16 Credits

Quantitative Methods Three courses (8 credit hours) in quantitative methods are required for the PhD degree in agricultural economics. These courses are: ECON 685 Stat Prep (August course) ...... 2 Credits AGEC 661 Applied Econometric Methods in Agriculture ...... 3 Credits AGEC 641 Operations Research Methods in Agricultural Economics ...... OR AGEC 643 Applied Simulation in Agricultural Economics ...... 3 Credits Total quantitative methods requirements ...... 8 Credits

Economic Theory or Quantitative Methods Elective Students must choose one or more of the following courses to augment their studies in economic theory or quantitative methods: AGEC 641 Operations Research Methods in Agricultural Economics AGEC 643 Applied Simulation in Agricultural Economics ECON 636 Macroeconomic Theory I ECON 646 Macroeconomic Theory II ECMT 669 Fundamental Mathematics for Economists (taught in August) ECMT 675 Econometrics I ECMT 677 Applied Microeconometrics ECMT 678 Nonparametric Econometrics ECMT 679 Time Series Econometrics Total Economic Theory or Quantitative Methods Elective ...... 3 Credits

Other AGEC courses may be required or recommended depending on the student’s area of emphasis. This may include AGEC 672 (Fundamentals in Agricultural Markets and Information Economics), AGEC 673 (Fundamentals in Resource and Environmental Economics) or AGEC 685 (Directed Studies). If, in the judgment of the Chair of the IFA or the student’s Advisory Committee chair, the student is deficient in other subject matter areas important to his/her graduate program, the student may be required to satisfy additional prerequisites.

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Field Area Four field areas are offered: (1) finance, (2) strategic management, (3) marketing, and (4) supply chain management. Students are required to take specific courses offered by the Finance (FINC), Management (MGMT), Marketing (MKTG) and Information and Operations Management (INFO) departments in the Mays Business School. This is in addition to core courses in the Agricultural Economics (AGEC) and Economics (ECON) departments.

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Appendix I.8. Field Area Requirements for PhD in Agribusiness and Managerial Economics

Finance emphasis: Field Requirements: AGEC 671 Fundamentals in Agribusiness and Managerial Economics ..... 3 Credits AGEC 695 Frontiers in Agribusiness and Managerial Economics ...... 3 Credits AGEC 685 Readings in Agricultural Finance ...... 3 Credits FINC 688 Seminar in Corporate Theory...... 3 Credits FINC 688 Seminar in Investments Theory ...... 3 Credits Total Field Requirement ...... 15 Credits Total Minimum Course Requirements ...... 42 Credits Research FINC 690 Research Topics Seminar ...... 1 Credit FINC 688 Seminar in Research Methods ...... 3 Credits AGEC 691 Research ...... 18 Credits* Total Research Credit ...... 22 Credits * Additional hours of coursework can replace research hours. Total Credits ...... 64 Credits

Marketing emphasis: Field Requirements: AGEC 671 Fundamentals in Agribusiness and Managerial Economics ..... 3 Credits AGEC 695 Frontiers in Agribusiness and Managerial Economics ...... 3 Credits AGEC 672 Fundamentals in Markets and Information Economics ...... 3 Credits MKTG 680 Seminar in Buyer Behavior ...... 3 Credits MKTG 682 Seminar in Marketing Strategy Research ...... 3 Credits Total Field Requirement ...... 15 Credits Total Minimum Course Requirements ...... 42 Credits Research MKTG 688 Seminar in Research Methods ...... 3 Credits AGEC 691 Research ...... 19 Credits* Total Research Credit ...... 22 Credits * Additional hours of coursework can replace research hours.

Total Credits ...... 64 Credits

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Strategic Management emphasis: Field Requirements: AGEC 671 Fundamentals in Agribusiness and Managerial Economics ..... 3 Credits AGEC 695 Frontiers in Agribusiness and Managerial Economics ...... 3 Credits MGMT 634 Seminar in Organizational Behavior ...... 3 Credits MGMT 636 Seminar in Organizational Theory ...... 3 Credits MGMT 676 Strategic Management Survey ...... 3 Credits MGMT 677 Strategy Implementation ...... OR MGMT 682 Industrial Organization and Strategic Management ...... 3 Credits Total Field Requirement ...... 18 Credits Total Minimum Course Requirements ...... 45 Credits Research AGEC 691 Research ...... 19 Credits* * Additional hours of coursework can replace research hours.

Total Credits ...... 64 Credits

Supply Chain Management emphasis: Field Requirements: AGEC 671 Fundamentals in Agribusiness and Managerial Economics ..... 3 Credits AGEC 695 Frontiers in Agribusiness and Managerial Economics ...... 3 Credits AGEC 672 Fundamentals in Markets and Information Economics ...... 3 Credits INFO 688 Supply Chain Management Foundations ...... 3 Credits INFO 688 Seminar in Supply Chain Management ...... 3 Credits Total Field Requirement ...... 15 Credits Total Minimum Course Requirements ...... 42 Credits Research INFO 688 Seminar in Research Methods ...... 3 Credits AGEC 691 Research ...... 19 Credits Total Research Credit ...... 22 Credits* * Additional hours of coursework can replace research hours.

Total Credits ...... 64 Credits

There is no specific commitment from the Mays Business School to offer a particular doctoral seminar every year or during a particular term, as course offerings vary with the size of departmental programs and the availability of faculty to teach a particular topic.

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Appendix E. Extension

Appendix E.1. Contracts and Grants FY 2011 – AgriLife Extension Awards

PI TITLE SPONSOR BEGIN END AMOUNT DATE DATE Economic Impacts of the Swine Industry in USDA/ARS 1/1/2011 12/31/2012 50,000 the Southern Ogallala Region Economic Impacts of the Feedgrain Industry USDA/ARS 1/1/2011 12/31/2013 67,500 Amosson, Stephen in the Southern Ogallala Region Guerrero, Bridget North Plains Evaluation of Alternative Water Groundwater Conservation Strategies for the North Plains 1/1/2011 12/31/2013 30,000 Conservation Groundwater Conservation District District Farm Forward Evaluation – Texas Corn Texas Tech 6/1/10 12/31/11 25,022 Growers University System Economic Assessment of Proposed Ground Texas Tech 6/1/10 5/31/11 15,000 Water Management Strategies for GMA2 University System Amosson, Stephen Economic and Groundwater Use

Implications of Bioenergy Feedstocks USDA/ARS 1/1/2011 12/31/2012 8000 Production in the OAP Region Development and Evaluation of Region a Freese and Nichols 1/1/2011 12/31/2013 25,000 Water Plan for Agriculture Consultants Maximizing Income Under the New Farm Cotton Inc. 1/1/11 12/31/11 5,000 Anderson, Carl Program Risk Management Education for Texas USDA-Risk Mgmt 10/1/10 9/30/11 9,996 Anderson, David Livestock Producers on Pastures and Agency Forages Bennett, Blake Small Acreage Risk Management USDA-Risk Mgmt 10/1/10 9/30/11 10,000

259

PI TITLE SPONSOR BEGIN END AMOUNT DATE DATE Agency Dudensing, Farm Forward Evaluation – Texas Corn Texas Tech 6/1/10 12/31/11 12,618 Rebekka Growers University System McCorkle, Dean An Economic Impact Analysis Gen. Land Office 1/1/2011 12/31/2012 37,097 A New Model for Delivering Tourism Marketing Assistance and Resources to Rule Gen. Land Office 1/1/2011 12/31/2011 37,097 Businesses Dudensing, An Initial Examination of the Economic South Texas Nature 2/1/11 8/31/11 2,667.50 Rebekka Impact of Nature Tourism on the Rio Grande Marketing Coop Valley An Economic Impact Analysis of Proposed Childress 3/1/11 5/1/11 3,500 civic Center in Childress County, Texas Economic Development Corp Maintenance of Cotton Quality Valuation Cotton Inc. 1/1/11 12/31/11 3,000 Software Based On Loan Values and Maintenance of an Economic and Financial Falconer, Lawrence Decision Development of Decision Support Software Cotton Inc. 1/1/11 12/31/11 4,000 to Evaluate Cotton Picking vs Stripping Harvest Alternatives Development and Implementation of an Gulf States Marine 3/15/10 12/31/10 24,094 Economic Survey of Fishing-related Fisheries Businesses in Texas Commission Haby, Michael USDA – NIFA via Trade Adjustment Assistance for Gulf and 352,715 University of 9/1/2010 6/30/2013 South Atlantic Shrimp Fishermen (Sea Grant) Minnesota Tax Practitioner Workshops Program and Texas Education 9/1/10 8/31/11 178,200 Hayenga, Wayne Continuing Education in Extension Extension Agricultural Economics Foundation Hogan, Jr., Robert Current Economic Status of Conservation Cotton Inc. 1/1/11 12/31/11 4,000

260

PI TITLE SPONSOR BEGIN END AMOUNT DATE DATE and No-Till Cotton Production in the Southeastern US Working Group, West Texas Proj#08-376 Current Economic Status of conservation Cotton Inc. 1/1/11 12/31/11 4,000 and No-Till Cotton Production in the Johnson, Jason southeastern United States Working Group, TX Economic Evaluation of BMPs for Reducing Tarrant Regional Johnson, Jason Phosphorous in the Eagle Mountain 12/1/2010 9/30/2011 34,000 Water District Reservoir Lockney Water Conservation Demonstration Texas Tech 2/23/10 12/31/12 253,934 Klose, Steven Project University System Feedstock Sourcing for Chevron Refineries Chevron 1/24/11 4/30/11 59,738 Technology Ventures, LLC Outlaw, Joe An Examination of Grain Sorghum Trade Texas Grain 1/3/11 1/3/12 15,000 Flows and Grain Sorghum Costs of Sorghum Production Cooperatives Community of Practice on Iowa State 9/1/10 12/31/11 5,677 Park, John Extension Enhancement Funds 2010 University Increasing Direct marketing Potential for USDA – AMS – 2011 2013 70,266 Socially Disadvantaged Farmers through FSMIP Business Planning Food Safety for Produce: Incentive for TVA 2011 2011 20,195 Certification of Good Agricultural Practices Ribera, Luis and Traceability and State Wide Conference Integrating Community College Students USDA – AFRI 2010 2013 697,012 and Organic Farmers Throughout Feasibility Studies in Pest Management, and Horticulture Production in South Texas Food Safety for Product: Incentive for Texas Vegetable 10/1/10 10/31/11 20,195

261

PI TITLE SPONSOR BEGIN END AMOUNT DATE DATE Certification of Good Agricultural Practices Association & Traceability & State Wide Conference The Cost and Flow Pattern Impacts of Cotton Inc. 1/1/11 12/31/11 25,000 Alternative Cotton Futures Delivery Points Robinson, John in Texas

Marketing Choices by Texas Cotton Cotton Inc. 1/1/11 12/31/11 3,000 Growers Smith, Jackie High Plains Cotton Profitability Project Cotton Inc. 1/1/11 12/31/11 7,500 Waller, Mark Gulf States Marine Market Maker Adoption and Implementation Palma, Marco Fisheries 6/1/11 8/31/15 387,082 in Texas for the Gulf Seafood Industry Haby, Michael Commission Kids and Kows and More Southwest Dairy 9/1/10 8/31/11 60,000 Oklahoma State Waller, Mark Kids and Kows and More Cooperative 1/1/10 12/31/11 15,000 Extension Texas Cotton/Grain Risk Management USDA-Risk Mgmt 1/1/10 9/30/11 9,900 Workshop Agency Master Marketer Program Cotton Inc. 1/1/11 12/31/11 10,000 Master Marketer-Central Texas USDA-Risk Mgmt 10/1/10 6/30/11 10,000 Welch, James Agency Master Marketer Texas Grain 1/3/11 1/31/12 5,000 Sorghum Producers Master Marketer Educational System Texas Farm Bureau 1/1/11 12/31/11 10,000 Master Marketer Educational System Texas Corn 1/1/11 12/31/11 10,000 Producers

262

Appendix E.2. Contracts and Grants FY 2010 – AgriLife Extension Awards

PI Title Source Begins Ends Award Advanced Risk Management Series in the Texas High USDA Risk 10/01/09 09/30/10 10,000 Plains Management Agency Master Marketer Educational Event – Amarillo USDA Risk 10/01/09 09/30/10 10,000 Amosson, Management Stephen H. Agency Commodity Partnership for Small Agricultural … USDA Risk 09/08/09 : 09/30/10 10,000 Management Agency Master Marketer Program Cotton Inc. 1/1/10 12/31/10 10,000 Anderson, Carl Maximizing Income Under the New Farm Program Cotton Inc. 1/1/10 12/31/10 5,000 G. Proj #04-551 A Determination of Cotton Market Prices Required to Cotton Inc. 1/1/10 12/31/10 5,000 Justify the Use of a Field Cleaner in Cotton Stripping Bennett, Blake Estimating the Correlation Between Fertilizer and Cotton Inc. 1/1/10 12/31/10 5,000 K. Fuel Prices and the Optimal Nitrogen Usage in Cotton Production Proj #10-715 Maintenance of Cotton Quality Valuation Software Cotton Inc. 1/1/10 12/31/10 3,000 Based on Loan Values & Maintenance of an Falconer, Economic and Financial Decision Lawrence L. Development of Decision Support Software to Cotton Inc. 1/1/10 12/31/10 4,000 Evaluate Cotton Picking versus Cotton Stripping Harvest Alternatives, Proj #07-134 Tax Practitioner Workshops Program and Continuing Texas 09/01/09 08/31/10 178,200 Hayenga, Wayne Education in Extension Agricultural Economics Education A Extension Foundation Hogan, Jr., Current Economic Status of conservation, and No-till Cotton Inc. 1/1/10 12/31/10 4,000 Robert J. Cotton Production in the Southeastern United States

263

PI Title Source Begins Ends Award Working Group, West Texas Proj #08-376 Introducing Annie's Project to Texas Ag Producers University of 07/01/10 06/30/11 39,372 Arkansas Johnson, Jason Current Economic Status of conservation, and No-till Cotton Inc. 1/1/10 12/31/10 4,000 L. Cotton Production in the Southeastern United States Working Group Lockney Water conservation Demonstration Project Texas Tech 2/23/10 12/31/10 116,630 Klose, Steven L. University System A Market Analysis for Pomegranate Sales in Texas Texas Dept. of 11/1/09 10/31/10 40,250 Palma, Marco A. Agriculture Marketing and Risk Management for Socially USDA- 09/01/09 08/31/12 298,734 Ribera, L. A. Disadvantaged Horticultural Producers in South Texas CSREES Watershed Assistance to Improve Water Quality in Texas Agrilife 09/23/09 09/23/10 34,602 Rister, M. E. North Central Texas Research Measuring Distribution Patterns and Costs of Cotton Inc. 1/1/10 12/31/10 7,000 Transportation/Logistics network for Texas Cotton #07-948TX The Cotton Marketing Planner newsletter Project #06- Cotton Inc. 1/1/10 12/31/10 2,500 Robinson, John 814 R. Measuring Distribution Patterns and Costs of the Cotton Inc. 1/1/10 12/31/10 3,000

Transportation/Logistics network for Texas Cotton Proj #06-876 Consulting Service for the Competitive … Wilbur Smith 9/10/09 5/31/10 39,035 Associates Smith, Jackie G. High Plains Cotton Profitability Project Cotton Inc. 1/1/10 12/31/10 7,500 Kids and Kows and More Program Southwest 09/01/09 08/31/10 80,517 Waller, Mark L. Dairy Museum Master Marketer Educational System Texas Farm 1/1/10 12/31/10 10,000 Welch, James M. Bureau

264 Faculty 2-Page Curriculum Vitas If faculty member provided a CV, the name includes a clickable link to that CV.

Name Title Location Abeygunawardena, Piya Professor College Station Amosson, Stephen Prof & Ext. Spec. Amarillo Anderson, David Prof & Ext. Spec. College Station Bennett, Blake Assoc. Prof & Ext. Spec Dallas Bessler, David Professor College Station Bevers, Stanley Prof & Ext. Spec. Vernon Boadu, Fred Prof & Asst. Dept. Head College Station Bryant, Henry Research Assoc. Professor College Station Capps, Oral Exec. Professor College Station Clary, Gregory Prof & Ext. Spec. Overton Conner, J. Richard Professor College Station Dudensing, Rebekka Asst. Prof & Ext. Spec College Station Dunn, Richard Asst. Professor College Station Falconer, Lawrence Prof & Ext. Spec. Corpus Christi Griffin, Ronald Professor College Station Haby, Michael Prof & Ext. Spec. Corpus Christi Hogan, Robert Asst. Prof & Ext. Spec Fort Stockton Ishdorj, Ariun Asst. Professor College Station Johnson, Jason Assoc. Prof & Ext. Spec Overton Jones, Eluned Professor College Station Klinefelter, Danny Prof & Ext. Spec. College Station Klose, Steven Assoc. Prof & Ext. Spec College Station Lacewell, Ronald Asst. Vice Chancellor College Station Leatham, David Prof & Assoc. Dept. Head College Station Litzenberg, Kerry Professor College Station McCarl, Bruce Dist. Professor College Station Menzies, Dusty Asst. Lecturer College Station Mjelde, James Professor College Station Nelson, A. Gene Senior Professor College Station Ng, Desmond Assoc. Professor College Station Nichols, John Department Head & Prof College Station Norton, Roger Research Professor College Station Outlaw, Joe Prof & Ext. Spec. College Station Palma, Marco Asst. Prof & Ext. Spec College Station Park, John Prof & Ext. Spec. College Station Park, Seong Asst. Prof. Vernon Penson, John Professor College Station

265

Name Title Location Ribera, Luis Assoc. Prof & Ext. Spec Weslaco Richardson, James Professor College Station Rister, Ed Prof & Assoc. Dept. Head College Station Robinson, John Prof & Ext. Spec. College Station Rosson, Parr Prof & Ext. Spec. College Station Salin, Victoria Assoc. Professor College Station Shaw, Douglass Professor College Station Siebert, John Professor College Station Smith, Jackie Prof & Ext. Spec. Lubbock Thompson, William Asst. Prof & Ext. Spec San Angelo Vedenov, Dmitry Assoc. Professor College Station Waller, Mark Prof & Ext. Spec. College Station Welch, James Asst. Prof & Ext. Spec College Station Williams, Gary Professor College Station Woodward, Rich Professor College Station Wu, Ximing Assoc. Professor College Station Zhang, Yvette Visiting Asst. Prof College Station

266 Extension Program Specialists Name Title FTE Major Responsibility Carol Faulkenberry Ext. Prog. Spec. 1.00 Risk Management Bridget Guerrero Ext. Prog. Spec. 1.00 Water and Econ. Impacts Diana Jones Ext. Prog. Spec. 1.00 Risk Management Gregory Kaase Ext. Prog. Spec. 1.00 Risk Management Dean McCorkle Ext. Prog. Spec. 1.00 Economic Accountability William Pate Ext. Prog. Spec. 1.00 Risk Management Sandra Pierce Ext. Prog. Spec. 1.00 Risk Management Emmy Williams Ext. Prog. Spec. 1.00 Marketing/Evaluation James Yates Ext. Prog. Spec. 1.00 Risk Management A. Mac Young Ext. Prog. Spec. 1.00 Risk Management

267 Stephen H. Amosson Professor and Extension Economist-Management [email protected]

Current Appointment

Regents Fellow, Professor and Extension Economist-Management, Texas AgriLife Extension Service serving as the Management Economist for the 22 counties of the Texas Panhandle since 1985. Applied research interests include water economics (policy & management), socioeconomic analysis, air quality and energy economics.

Education

1983 Ph.D. (Agricultural Economics), Texas A&M University 1980 M.S. (Agricultural Economics), Iowa State University 1972 B.S. (Animal Science), Iowa State University

Past Appointments

2003 - Regents Fellow, Professor and Economist-Management, Texas Cooperative Extension 1993 - 2003 Professor and Economist-Management, Texas Agricultural Extension Service 1991 - 1993 Associate Professor and Economist-Management, Texas Agricultural Extension Service 1985 – 1991 Extension Economist-Management, Texas Agricultural Extension Service 1984 – 1985 Visiting Assistant Professor, Department of Agricultural Economics, TAMU 1982 - 1984 Research Economist, Department of Agricultural Economics 1977 – 1982 Research Associate, Department of Agricultural Economics, TAMU 1975 – 1977 Research Assistant, Department of Economics, Iowa State University

Awards (Since 2000 – total career – 25) / Professional Activities

2010 Texas AgriLife Extension Superior Service Award for Distinguished Extension Career 2010 Texas Commission on Environmental Quality, the Texas Environmental Excellence Team Award for the “Air Quality: Reducing Emissions from Cattle Feedlots and Dairies” 2007 Texas County Agricultural Agents Association, Specialist of the Year in Texas Agriculture Award 2006 Southern Agricultural Economics Association, Lifetime Achievement Award 2005 American Agricultural Economics Association Distinguished Extension Award: More Than 10 Years’ Experience 2003 Texas A&M University, Board of Regents - Designated “Regents Fellow” 2001 Texas A&M University, Former Students Association Faculty Distinguished Achievement Award in Continuing Education

268 Awards (Since 2000 – total career – 25) / Professional Activities (continued)

2001 Texas A&M University, Vice Chancellor’s Award in Excellence - Specialist Category 2000 Western Agricultural Economics Association Career Award as the Outstanding Extension Program in Agricultural Economics

Selected Other Professional Contributions

Have participated as a PI or C0-PI on more than 130 funded grants addressing water, air quality, production economics and educational programming.

Selected Publications

Amosson, S., L. Almas, J Girase, N Kinney, B. Guerrero, K Vimlesh and T. Marek. “Economics of Irrigation Systems.” October, 2011. B-6113, Texas AgriLife Extension Service, College Station, Texas.

Guerrero, B., J. Johnson, S. Amosson, P. Johnson, E. Segarra, and J. Surles. “Ethanol Production in the Southern High Plains of Texas: Impacts on the Economy and Scarce Water Resources.” Journal of Regional Analysis and Policy, 41.1(October 2011):22-32.

Johnson, J., P. Johnson, B. Guerrero, J. Weinheimer, S. Amosson, L. Almas, B. Golden and E. Wheeler-Cook. 2011. “Groundwater Policy Research: Collaboration with Groundwater Conservation Districts in Texas.” Journal of Agricultural and Applied Economics, 43.3(August 2011):345-356.

Guerrero, B., S. Amosson, T. Marek, and J. Johnson. 2010. “Economic Evaluation of Wind Energy as an Alternative to Natural Gas Powered Irrigation.” Journal of Agricultural and Applied Economics, 42.2(May 2010):277-287.

Guerrero, B., A. Wright, D. Hudson, J. Johnson, and S. Amosson. “The Economic Value of Irrigation in the Texas Panhandle.” SAEA Selected Paper Abstract. Journal of Agricultural & Applied Economics, 42.3(August 2010):583.

Bretz, F., S. Amosson, P. Warminski and T. Marek. “Economic Analysis of Manure Harvesting Equipment Used in Feedyards for Dust Control.” SAEA Selected Paper Abstract. Journal of Agricultural & Applied Economics, 42.3(August 2010):587.

Guerrero, Bridget, S. Amosson, and L. Almas. 2008. “Integrating Stakeholder Input into Water Policy Development and Analysis.” Journal of Agricultural and Applied Economics, 40.2(August 2008):465-471

Amosson, Stephen H. 2006. “The Future of Agricultural Economics in Extension.” Journal of Agricultural and Applied Economics, 38,2 (August 2006): 229-234.

269 David P. Anderson Professor and Extension Economist [email protected]

Current Appointment

Professor and Extension Economist. Livestock economics, marketing, and policy. Classes taught include AGEC 614, AGEC 429.

Education

1994 Ph.D. Texas A&M University, Agricultural Economics. 1990 M.S. University of Arizona, Agricultural Economics. 1987 B.S. University of Arizona, Agricultural Economics.

Past Appointments

2008 - Professor and Extension Economist, Dept. of Ag Economics, Texas A&M 2002 - 2008 Associate Professor and Extension Economist, Ag Economics, Texas A&M 1999 - 2002 Assistant Professor and Extension Economist, Ag Economics, Texas A&M 1996 - 1998 Assistant Research Scientist, Ag Economics, Texas A&M 1994 - 1996 Extension Economist, Livestock Marketing Information Center

Awards / Professional Activities

2010 Independent Cattlemen’s Association of Texas Cattlemen’s Council Award 2008 Texas AgriLife Extension Superior Service Award 2004 University of Arizona College of Agriculture Young Achiever Award 2002-2003 American Ag Economic Association Distinguished Extension Program Award

Selected Other Professional Contributions

Chairman of the Livestock Marketing Information Center Technical Advisory Committee, 2008- 2010. Texas AgriLife Extension Editorial Review Committee member 2006-present. Advised 13 MS students and served on 36 graduate committees.

Selected Publications

Anderson, D.P. “Agricultural Fire Losses Exceed $217 Million.” Prepared for the SOC. October, 2011. Redmon, L., M. McFarland, J. Cathey, J. Cleere, J. Sawyer, and D.P. Anderson. Ranch Management University Resource Manual. October, 2011. McCorkle, D.A., D.P. Anderson, and D. Hanselka. Impact of Agriculture: Redistricting and the 11th Congressional District of Texas. Prepared for the Honorable Michael Conaway, 11th

270 Congressional District. Texas AgriLife Extension Service, Department of Agricultural Economics, The Texas A&M University System, College Station, Texas, July 2011. Anderson, D.P. “June Cattle on Feed - Positive News.” Cattle Market Comments. Vol. 7., No. 2. June 20, 2011. Anderson, D.P. “Beef Imports From Mexico.” Cattle Market Comments. Vol. 7., No. 1. June 17, 2011. McCorkle, D.A., R. Dudensing, D.P. Anderson, D.D. Hanselka, D. Ferguson, D. Freer, and G. Preuss. 2011. “The Food and Fiber System and Production Agriculture's Contribution to the Texas Economy.” MKT 3579-B, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, February, 2011. Herbst, B.K., D.P. Anderson, J.L. Outlaw, and J.W. Richardson. “The Effectiveness of Proposed Dairy Margin Insurance at Managing Margin Risk.” Presented Paper at the Southern Agricultural Economics Association Meeting. Corpus Christi, Texas. February 8, 2011. McCullock, K. and D.P. Anderson. “What Does 400,000 Somatic Cell Count Mean for the U.S. Dairy Industry?” Rocky Mountain Peak Milk. Western Dairy Association. Spring, 2011. Anderson, D.P. Symposium Presentation. “The Impact of Reduced Federal and Public Land Grazing on Viability of the U.S. Sheep Industry.” Small Ruminant Symposium. “Going, Going, Gone!” How Curtailment of Livestock Grazing on Federal Lands Could Alter the U.S. Sheep Industry. ASAS Annual Convention, Denver, CO, July 13, 2010. Anderson, D.P. “The U.S. Animal Identification Experience.” Journal of Agricultural and Applied Economics, 42,3(August 2010):543-550. Susanto, D., C.P. Rosson, F. Adcock, and D.P. Anderson. “Impacts of Hired Foreign Labor on Milk Production and Herd Size in the United States.” Journal of the American Society of Farm Managers and Rural Appraisers. 2010. Susanto, D., C.P. Rosson, D.P. Anderson, and F.J. Adcock. “Immigration Policy, Foreign Agricultural Labor, and Exit Intentions.” J. Dairy Sci. 93:1774-1781. 2010. Anderson, D.P., O. Capps, E.E. Davis, S.D. Teichelman. “Wool Price Differences by Preparation in the United States.” Sheep and Goat Research Journal. Volume 24, 2009. Rhoades, R.D., J.E. Sawyer, A.D. Herring, and D.P. Anderson. “Case Study: Has Beef Quality Grade Declined?” Professional Animal Scientist 2008 24:619-627. Anderson, D.P., J.D. Anderson, and J. Sawyer. “Livestock and Dairy: What are They Going to Eat?” Journal of Agricultural and Applied Economics. Vol. 40, 2(August 2008): 573- 579. Lawrence, J.D., J. Mintert, J.D. Anderson, and D.P. Anderson. “Feed Grains and Livestock: Impacts on Meat Supplies and Prices.” Choices. Second Quarter, 2008. Bryant, H.L., J.L. Outlaw and D.P. Anderson, “Aggregate Milk Supply Response to the Milk Income Loss Contract Program.” Journal of Agribusiness, 25(2007).

271 Blake K. Bennett Associate Professor and Extension Economist [email protected]

Current Appointment

Associate Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University System since 1999. Areas of specialization include wheat, corn, cattle and limited acreage farming operations.

Education

1999 Ph.D. Texas Tech University, Agricultural and Applied Economics 1995 M.S. Texas Tech University, Agricultural Economics 1993 B.S. Texas Tech University, Agricultural Economics

Past Appointments

2005 - Associate Professor and Extension Economist, Department of Agricultural Present Economics, Texas A&M University System 1999 - 2005 Assistant Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University System 1994 - 1998 Research and Teaching Assistant, Department of Agricultural and Applied Economics, Texas Tech University

Awards / Professional Activities

2008 - 2009 National Small Farms Conference Planning Committee 2008 - 2009 Dallas County Troubled Youth Development Board 2005 Plano, Texas ISD Curriculum Review Board 2005 Texas Cooperative Extension Team Award for Superior Service

Selected Other Professional Contributions

My overall program objectives are centered around the unique and diverse agricultural producers in North Texas. As a District Economist in North Texas my clientele base is bimodal with a body of large commercial producers as well as a group of part-time producers operating on limited acreage. Directing an Extension Program that meets the needs of both groups requires diversification and adaptation to different producer goals and objectives as well as how to reach these clientele. I approach my role in serving this clientele base with particular consideration of these varied goals and objectives with the understanding that both groups have a considerable economic and natural resource impact to the local area and the state. My goal is to establish myself as the best source for reliable, accurate, and unbiased information regarding commercial commodities produced in the region as well as a national source of Extension educational support for limited acreage producers and innovative ways of disseminating Extension educational materials to clientele.

272 Selected Publications

Bennett, Blake K., Sukant K. Misra, and James Richardson. “A Determination of Cotton Market Price Premiums Required to Justify More Lint Cleaning in the Gin Plant” Journal of Cotton Science. 14:199-204 (2010).

Bennett, Blake K. “Educating Limited Acreage Producers Using Web-Based Technology” Journal of Extension. Volume 47, Number 6, December 2009.

Merchant, M.E., B. Bennett, J.A. Hurley, K. Murray, B. Messenger, F. Graham, F.Oi, and R. Baldwin. “New Tool to Help Calculate the Costs of IPM.” 2008 National Urban Entomology Conference. May 20, 2008. Tulsa, OK.

Bennett, Blake K. “Introduction to Cotton Options.” Cotton Incorporated. http://www.cottoninc.com/Futures-and- Options/IntroductionToCottonFutures_2006/IntroductionToCottonFutures_2006.pdf. 2006.

Bennett, Blake K. “Introduction to Cotton Futures.” Cotton Incorporated. http://www.cottoninc.com/Futures-and- Options/IntroductionToCottonFutures/IntroductionToCottonFutures.pdf. 2006.

Bennett, Blake, Bill Thompson, Jason Johnson, Stan Bevers, Wade Polk, and Brenda Duckworth. “Tomorrow’s Top Agricultural Producer Program.” 4th National Small Farm Conference. Greensboro, North Carolina. October 16 - 19, 2005.

Bennett, Blake K. “Evaluation of Cotton Put Options as a Price Risk Management Tool” Journal of Cotton Science. 7:39-44 (2003).

Bennett, Blake K. and Stan Bevers. “Developing a Comprehensive Business Planning Extension Program” Journal of Extension. Volume 41, Number 6, December 2003.

Bennett, Blake K. “Using a Moving Average to Determine Cotton Futures Market Entry Dates” Journal of Cotton Science. 5:218-223 (2001).

Bennett, B, J. Johnson, R. Parker, B. Blahuta, and J. Jehedkar. “Creating a Resource Inventory.” Located and offered via eXtension at: http://campus.extension.org/.

Bennett, B, J. Johnson, and R. Parker. “An Introduction to Enterprise Budgeting.” Located and offered via eXtension at: http://campus.extension.org/.

273 David A. Bessler Professor [email protected]

Current Appointment

Regents Professor Teaching: AGEC 317, 447, 607 and 676 Specialization: Econometrics with Observational Data

Education

1977 Ph.D. , University of California, Davis, Agricultural Economics 1973 M.S. , University of Arizona, Agricultural Economics 1971 B.S., University of Arizona, Economics

Past Appointments

1977-1982 Assistant Professor, Purdue University

Awards / Professional Activities

2011 Fellow of the Agricultural and Applied Economics Association

2011 Distinguished Scholar of the Western Agricultural Economics Association

2007 – present Adjunct Professor of Economics

2006 Former Students’ Award for Distinguished Achievement in Graduate Student Mentoring, TAMU

2006 Presidential Award for Faculty Service to International Students, TAMU

1991 Simon Fellow in Econometrics, Victoria University of Manchester, U.K

1985-1999 Associate Editor- Journal of Forecasting,

1986-1988 Editor - Western Journal of Agricultural Economics

Selected Publications (former student indicated by an asterisk*)

Kwon, Dae-Heum* and D.A. Bessler, 2011. Graphical Methods, Inductive Causal Inference, and Econometrics: A Literature Review, Computational Economics 38:85-106.

274 Bessler, D.A., J.H. Dorfman, M.T. Holt, and J.T.LaFrance, 2010. Econometric Developments in Agricultural and Resource Economics: The First 100 Years, American Journal of Agricultural Economics 92(2):571-89. Bryant, H.L.* D.A. Bessler, M.S. Haigh, 2009. Disproving Causal Relationships Using Observational Data, Oxford Bulletin of Economics and Statistics 71(3):357-374. Mjelde, J. and D.A. Bessler. 2009. Market Integration among Electricity Markets and Their Major Fuel Source Markets, Energy Economics 31(3):482-491. Yu, Tun-Hsiang,* D.A. Bessler and S.W. Fuller. 2007. “Price Dynamics in U.S. Grain and Freight Markets,” Canadian Journal of Agricultural Economics 55(1):381-397. Casillas-Olvera, G.*and D.A. Bessler, 2006. Probability Forecasting and Central Bank Accountability, Journal of Policy Modeling 28:223-234. Wang, Z.* and D.A. Bessler, 2005. A Monte Carlo Study on the Selection of Cointegrating Rank Using Information Criteria, Econometric Theory 21:593-620. Haigh, M. and D.A. Bessler, 2004. Causality and Price Discovery: An Application of Directed Acyclic Graphs, Journal of Business 77:1097-1121. Bessler, D. A. and J. Yang*, 2003. The Structure of Interdependence of International Stock Markets, Journal of International Money and Finance 22: 261-287. Bessler, D. A. and S. Lee*, 2002. Money and Prices: U.S. Data 1869 - 1914 (A Study with Directed Graphs). Empirical Economics 27: 427-446. Nerlove, M. and D.A. Bessler, 2001. Expectations, Information, and Dynamics, Chapter Three Handbook of Agricultural Economics, Bruce Gardner and Gordon Rausser editors, Amsterdam: Elsevier Science, 155-206. Bessler, D.A. and Akleman, D. G.*1998. Farm Prices, Retail Prices, and Directed Graphs: Results for Pork and Beef, American Journal of Agricultural Economics 80(5):1145-1150. Bessler, D.A. and T. Covey.* 1993. On the Search for Econometric Structure in Agriculture, American Journal of Agricultural Economics 75(4):41-47. Covey, T.* and D.A. Bessler, 1992. Testing Granger's Full Causality. Review of Economics and Statistics 74:146-53. Bessler, D.A. and J.A. Brandt. 1992. Analysis of Forecasts of Livestock Prices. Journal of Economic Behavior and Organization 18(1992): 249-63. Nelson, R. G.* and D. A. Bessler. 1989. Subjective Probabilities Elicited Under Proper and Improper Scoring Rules: A Laboratory Test of Predicted Responses. American Journal of Agricultural Economics 71:363-369. Kling, J.L.* and D. A. Bessler, 1989. Calibration-Based Predictive Distributions: an Application of Prequential Analysis to Interest Rates, Money, Prices, and Output. Journal of Business 62(4): 447-500. Bessler, D. A. and R. A. Babula*, 1987. Forecasting Wheat Exports: Do Exchange Rates Matter? Journal of Business and Economic Statistics 5(3): 397-406. Bessler, D. A., 1984. Relative Prices and Money: A Vector Autoregression on Brazilian Data. American Journal of Agricultural Economics 66(1): 25-30.

275 Stan J. Bevers Professor and Extension Economist-Management [email protected]

Current Appointment

Professor and Extension Economist-Management, Texas Rolling Plains D3, Vernon, Texas. Current Appointment: 100% Extension. Areas of specialization include: Ranch Management and Analysis, Agricultural Business Planning, Risk Management, and Agricultural Marketing

Education

Year Master of Science: Agricultural Economics, 1989, Texas A&M University, College Station, Texas. Year Bachelors of Science: Agricultural Education, 1982, Cameron University, Lawton, Oklahoma.

Past Appointments

1989 – Pres. Extension Economist-Management, Rolling Plains District, Vernon, Texas, Texas AgriLife Extension Service, Texas A&M University System. 1987 – 1989 Research Assistant, Department of Agricultural Economics, Texas A&M University, College Station, Texas. 1982 – 1987 Vocational Agriculture Instructor, Carmen-Dacoma High School, Carmen, Oklahoma.

Awards / Professional Activities

2010 Superior Service Award – Specialist, Texas AgriLife Extension Service 2009 Epsilon Sigma Phi Mid-Career Award, Alpha Zeta Chapter 2005 Superior Service Award – Team, Texas AgriLife Extension Service 2004 Specialist of the Year in Texas Agriculture, Texas County Agricultural Agents Association 2001 Southern Agricultural Economics Association Extension Program Team Award 2000 Secretary of Agriculture’s Distinguished Program Award 2000 Cooperative State Research, Education, and Extension Service Distinguished Program Award, USDA-CSREES 1998 Vice Chancellor’s Award in Excellence Extension Team Award, Texas A&M University 1998 American Agricultural Economics Association Distinguished Extension Program Team Award 1997 Superior Service Award – Team, Texas AgriLife Extension Service 1997 Southern Agricultural Economics Association Extension Program Team Award 1996 Epsilon Sigma Phi Early Career Award, Alpha Zeta Chapter 1994 Vice Chancellor’s Award in Excellence, Extension Team Award, Texas A&M University

276 1994 Superior Service Award – Team, Texas AgriLife Extension Service 1991 Superior Service Award – Team, Texas AgriLife Extension Service

Selected Other Professional Contributions

Ranch Management and Analysis: Bevers has been a part of the national effort to evaluate and standardize how cow-calf operations were evaluated from both a production and financial standpoint. This effort resulted in what’s known today as Beef Cow-calf SPA. Bevers has personally conducted or been involved in the SPA analysis of over 300 herds located from Texas to Montana to Georgia. He currently hosts the Southwest SPA database with information from 580 herd analyses, including over 400,000 breeding cows from Texas, Oklahoma, and New Mexico.

Master Marketer Program: The Master Marketer Program began in the early 1990’s. Bevers serves on the four-person executive committee. This program has won numerous awards at the state and national level including the 1998 AAEA Distinguished Extension Program and the 2000 Secretary of Agriculture’s Distinguished Program for Excellence from USDA.

Selected Publications

Cho, Jaesung, Seong C. Park, and Stan J. Bevers. “An Economic Performance Analysis of the Beef Cow Herd Using a Stochastic Frontier Function.” Selected Paper. Southern Agricultural Economics Association Meetings. Corpus Christi, Texas. February 2011. Journal of Agricultural and Applied Economics 45 (2011): 461.

Pena, Jose G., Stan J. Bevers, and William Thompson. “Pasture, Rangeland, and Forage Insurance in Texas.” E-415. Texas AgriLife Extension Service. The Texas A&M University System. September 2010.

McCorkle, Dean A., Mark L. Waller, Stephen H. Amosson, Stanley J. Bevers, Jackie G. Smith. “The Economic Impact of Intensive Commodity Price Risk Management Education.” Journal of Extension. Volumne 47. Number 2. April 2009.

Sij, J. W., W.E. Pinchak, D.P. Malinoski, D.L. Robinson, S.J. Bevers, T.A. Baughman, and R.J. Gill. “Yield and Economic Responses to Phosphorus Fertilizer Placement in Dual-Use and Grain-Only Wheat Production Systems.” Agronomy Journal. 2007. 99:773-778.

Ramsey, Ruslyn, Damona Doye, Clement Ward, James McGrann, Larry Falconer, and Stanley Bevers. “Factors Affecting Beef Cow-Herd Costs, Production and Profits.” Journal of Agricultural and Applied Economics. 2005. 37(1):91-99.

Pinchak, W.E., D.R. Tolleson, M. McCloy, L.J. Hunt, R.J. Gill, R.J. Ansley, and S.J. Bevers. “Morbidity Effects on Productivity and Profitability of Stocker Cattle Grazing in the Southern Plains.” Journal of Animal Science. 2004. 82:2773-2779.

277 Frederick Owusu Boadu Professor [email protected]

Current Appointment

Professor, Agricultural Law, Law, Natural Resource Economics, Institutions.

Education

1980 Ph.D. University of Kentucky, Agricultural Economics 1978 M.S. University of Kentucky, Agricultural Economics 1974 B.S. Berea College, Berea, Kentucky, Economics 1988 J.D. Georgia State University, Atlanta, Ga. Law

Past Appointments

1989 - 1993 Assistant Professor, Agricultural Economics, TAMU. 1984 - 1988 Assistant Professor of Economics, Atlanta University, Atlanta, Ga. 1982 - 1984 Assistant Professor of Economics, Spelman College Atlanta, Ga. 1981 - 1982 Economist, Center for International Development, Tuskegee Institute, Al.

Awards / Professional Activities

2005 Risk Policy Fellow, American Association for the Advancement of Science 1994 Diplomacy Fellow, American Association for the Advancement of Science AFS2007 Distin Association of Former Students, Distinguished Achievement Award for Teaching at the College Level 2004 Outstanding Faculty, Department of Agricultural Economics

Selected Other Professional Contributions

Member State Bar of Texas Continuing Legal Education. Responsible for planning and hosting annual Agricultural Law Seminar to update agricultural laws affecting farmers in the State of Texas.

Led departmental initiative in developing Honors program.

Selected Publications

McCarl, B.M. and F. Boadu, “Bioenergy and US Renewable Fuels Standards: Law, Economic, Policy/Climate Change and Implementation Concerns,” Drake Journal of Agricultural Law, Vol. 14, No 1 (Spring 2009), pp. 43-73.

278 Boadu, F., McCarl, B.M., and Gillig, D., “An Empirical Investigation of Institutional Change in Groundwater Management in Texas: The Edwards Aquifer Case.”, Natural Resources Journal Vol. 47. No. 1 (Winter, 2007).

Mehta, Sahib, Boadu, F., et al., Managing Contaminated Animal and Plant Materials: Field Guide on Best Practices, 2007.

Boadu, F., ‘Law and Economic Development: The Supply of Precedents in Ghana”, Oxford University Commonwealth Law Journal, Vol. 5, No. 1, Summer 2005.

Boadu, F., Alternative Institutions for Promoting Accountability, Transparency, and Openness in Government Behavior” in The Effects of Research on Policy Making in Africa: The Best Practices (Book Chapter) Johns Hopkins University, 2005.

Brock A. and F. Boadu, “Global Demand for U.S. Environmental Goods and Services” Journal of Agriculture and Applied Economics, Vol. 36, Number 1, April 2004.

Gillig, D., B. A. McCarl, L. L. Jones and F. Boadu, “Economic Efficiency and Cost Implications of Habitat Conservation: An Example in the Context of the Edwards Aquifer Region.” Water Resources Research, Vol. 40, No. 3, 2004.

Brock A. and F.O. Boadu, “Law and Policy Towards the U.S. Environmental Goods Industry,” (Interdisciplinary Environmental Review) Vol. 5, Number 1, 2003. pp. 68-82).

Boadu, F., and T. Olofinbiyi, "Regulating the market: Competition Law and Policy in Kenya and Zambia" World Competition: Law and Economics Review, Vol. 26, No. 1 (March 2003) : 75-99.

Boadu F. and T. Olofinbiyi, “Relational Characteristics of the Flexibility Mechanisms Under the Kyoto Protocol: Implications for Sub-Saharan African Countries” Journal of Energy and Development, Vol. XXVIII, No. 2, Spring 2003. pp. 265-292).

279 Henry L. Bryant Research Associate Professor [email protected]

Current Appointment

Research Associate Professor, Department of Agricultural Economics, Texas A&M University since 2010. Classes taught include AGEC 643. Research interests include renewable energy, causal inference, contingent claims, and public policy.

Education

2003 Ph.D. Texas A&M University, Agricultural Economics 1991 B.S. University of Nevada, Business Administration

Past Appointments

2004 - 2010 Research Assistant Professor, Department of Agricultural Economics, Texas A&M University 2003 - 2004 Post-Doctoral Researcher, Department of Agricultural and Resource Economics, University of California, Berkeley

Awards / Professional Activities

2008 Texas AgriLife Extension Superior Service Team Award

Selected Other Professional Contributions

Have advised 10 Ph.D. and M.S. students who have graduated, currently advising 8 M.S. / Ph.D. students.

Have delivered award-winning research on renewable energy policy to state and national policy makers.

Selected Publications

Campiche, Jody L., Henry L. Bryant, and James W. Richardson, “Long-Run Effects of Falling Cellulosic Ethanol Production Costs on the Agricultural Economy,” Environmental Research Letters, 5(2010):014018-014026.

Bryant, Henry, Jiamin Lu, James Richardson, and Joe Outlaw (2010): “Long-term Effects of Increasing Ethanol Production on Agricultural Markets and Trade, Land Use, and Food Insecurity,” in The Economics of Alternative Energy Sources and Globalization, A. Schmitz, N. Wilson, C. Moss, and D. Zilberman (eds.), Bentham Books, Oak Park, Illinois.

280 Dicks, M.R., Campiche, J.L., De La Torre Ugarte, D., Hellwinckel, C., Bryant, H.L. and Richardson, J.W., “Land Use Implications of Expanding Biofuel Demand”, Journal of Agricultural and Applied Economics, 41(2009):435-453.

Bryant, Henry L., David Bessler and Michael S. Haigh, “Disproving Causal Relations Using Observational Data”, Oxford Bulletin of Economics and Statistics, 71(2009):357-374.

Bryant, Henry L. and George C. Davis, “Revisiting Aggregate US Meat Demand with a Bayesian Averaging of Classical Estimates Approach: Do We Need a More General Theory?”, American Journal of Agricultural Economics, 90(2008):103-116.

Bryant, Henry (2008), “Effects of a Variable Ethanol Subsidy or Higher Renewable Fuels Standard on US Agriculture,” in Biofuels, Food, and Feed Tradeoffs, J. Outlaw, J. Duffield, D. Ernstes (editors), Farm Foundation, Oak Brook, Illinois.

Bryant, Henry L., Joe Outlaw and David Anderson, “Aggregate Milk Supply Response to the Milk Income Loss Contract Program”, Journal of Agribusiness, 25(2007):133-146.

Outlaw, Joe. L., Luis A. Ribera, James W. Richardson, Jorge da Silva, Henry Bryant, and Steven Klose, “Economics of Sugar-Based Ethanol Production and Related Policy Issues”, Journal of Agricultural and Applied Economics, 39(2007):357-363.

Outlaw, Joe L., Luis Ribera, Henry L. Bryant, and James W. Richardson (2007), “US Biofuels: Market Interactions and Outlook,” in Farm Foundation's renewable energy book, R. Knutson, S. Knutson, D. Ernstes (editors), pp. 137-149, Farm Foundation, Oak Brook, Illinois.

Bryant, Henry L., David A. Bessler and Michael S. Haigh,“Causality in Futures Markets”, Journal of Futures Markets, 26(2006):1039-1057.

Bryant, Henry L. and Michael S. Haigh, “Derivative Pricing Models vs. Time-Series Approaches to Hedging: A Comparison”, Journal of Futures Markets, 25(2005):613-641.

Bryant, Henry L. and Michael S. Haigh, “Bid-Ask Spreads in Commodity Futures Markets”, Applied Financial Economics, 14(2004): 923-936.

Michael S. Haigh and Henry L. Bryant, “The Effect of Barge and Ocean Freight Price Volatility in International Grain Markets”, Agricultural Economics, 25(2001): 41-59.

281 Oral Capps, Jr., Ph.D. Executive Professor [email protected]

Current Appointment

Executive Professor and holder of the Southwest Dairy Marketing Endowed Chair, and Co-Director Agribusiness, Food, and Consumer Economics Research Center (AFCERC). Classes taught include AGEC 105 and AGEC 317. Education

1979 Ph.D. Agricultural Economics, Virginia Tech M.S. Statistics, Virginia Tech 1979 M.S. Statistics, Virginia Tech 1977 M.S. Agricultural Economics, Virginia Tech 1975 B.S. Mathematics, Virginia Tech

Past Appointments

1989-2009 Professor, Dept. of Agricultural Economics, Texas A&M U 1994-2001 Graduate Recruitment Coordinator, Dept. of Agric. Economics, Texas A&M U

Awards / Professional Activities

2011 Vice Chancellor’s Award in Excellence for Industry/Agency/University/Association Partnerships 1997,2010 Recipient of the Journal of Food Distribution Research Outstanding Journal Article Award 2006, 2007 Appointed to the National Academies Committee on the Economic Development and Current Status of the Sheep Industry in the United States & appointed to the National Beef Demand Study Group 1999 Recipient of the American Agricultural Economics Association Distinguished Teaching Award, and a co-recipient of the Applied Consumer Economics Award given by the American Council on Consumer Interests

Selected Other Professional Contributions

Dr. Capps served on the Editorial Board of the American Agricultural Economics Association, was Past President of the Southern Agricultural Economics Association, and was Past President of the Food Distribution Research Society. Currently, Dr. Capps is a Seminar Leader for the National Association of Business Economics (NABE), and he is a member of the Editorial Board for Business Economics, the professional publication of NABE. Capps also is a member of the Editorial Board for Agribusiness: An International Journal and for the Journal of Agricultural and Resource Economics. Beginning in November 2008, he began a partnership with SAS Institute, Inc., on Business Knowledge Series seminars in applied econometrics. He has served or is currently serving as a consultant to various firms, commodity boards, and law offices.

282 Selected Publications Williams, G.W. and O. Capps, Jr., “Is the Cotton Checkoff Program Worth the Cost?” Journal of Cotton Science, forthcoming. Dharmasena, S. and O. Capps, Jr., “Intended and Unintended Consequences of a Proposed National Tax on Sugar-Sweetened Beverages to Alleviate the U.S. Obesity Problem,” Health Economics, forthcoming. Dharmasena, S., O. Capps, Jr., and A. Clauson, “Ascertaining the Impact of the 2000 USDA Dietary Guidelines for Americans in the Intake of Calories, Caffeine, Calcium, and Vitamin C from At-Home Consumption of Non-Alcoholic Beverages,” Journal of Agricultural and Applied Economics 43, 1 (2011): 13-27. Williams, G.W., O. Capps, Jr., V. Salin, S. Dharmasena, L. Higgins, W.J. Thompson, and D. Anderson, “Ethnic Lamb Buying and Preparation Behavior and Preferences,” AFCERC Commodity Market Research Report No. CM-01-11, January 2011. Capps, Jr., O. Advanced Topics in Applied Econometrics, Business Knowledge Series for the SAS Institute, Inc., December 2010. Williams, G.W., O. Capps, Jr., and T. Dang, “Does Lamb Promotion Work?” Agribusiness: An International Journal 26, 4 (2010): 536-556. Alviola, P.A. and O. Capps, Jr., “Household Demand Analysis of Organic and Conventional Fluid Milk in the United States Based on the 2004 Nielsen Homescan Panel,” Agribusiness: An International Journal 26, 3 (2010): 369-388. Love, H.A., O. Capps, Jr., and G.W. Williams, “Concentration in the U.S. Beef Packing Industry and Slaughter Cattle Pricing,” Journal of Food Distribution Research 41, 3 (2010): 25- 41. Leister, A., O. Capps, Jr., and C. Parr Rosson III, “The Effects of New Product Beef in Guatemala,” Journal of Food Distribution Research 41,2 (2010): 1-11. Capps, Jr., O. and V. Salin, “Market Research on Promised Land Brand Milk,” AFCERC Commodity Market Research Report No.CP-03-10, December 2010. Penson, J.B., O. Capps, Jr., C.P. Rosson, and R. Woodward, Introduction to Agricultural Economics, Prentice-Hall, Fifth Edition, 2009. Yuan, Y., R.M. Nayga, Jr., and O. Capps, Jr., “Assessing the Demand for a Functional Food Product: Is There Cannibalization in the Orange Juice Category?” Agricultural and Resource Economics Review, 38, 2 (October 2009): 153-165. Capps, Jr., O., “Issues Indigenous to Consumer Economics and Food Marketing: Opportunities for Research Contributions,” Journal of Agribusiness and Applied Economics (2009): 315-322. Capps, Jr., O. An Introduction to Applied Econometrics, Business Knowledge Series for the SAS Institute, Inc., April 2009. Williams, G.W., D. Bailey, O. Capps, Jr., L.A. Detwiler, H.A. Glimp, T. Hammonds, D.D. Hedley, H.H. Jensen, P.S. Luber, and D.L. Thomas, Changes in the Sheep Industry in the United States: Making the Transition from Tradition, Committee on the Economic Development and Current Status of the Sheep Industry in the United States, National Research Council of the National Academies, National Academies Press, 2008. Hanselka, D., E.E. Davis, D.P. Anderson, and O. Capps, Jr., The Economic Impact of Country- of-Origin Labeling in the U.S. Beef Industry, VDMVerlag, 2008. Stockton, M., O. Capps, Jr., and D.A.Bessler, “Samuelson’s Full Duality and the Use of Directed Acyclic Graphs,” Journal of Applied Economics, 11, 1 (May 2008): 167-191.

283 J. Richard Conner Professor [email protected]

Current Appointment

Professor, Agricultural Economics and Ecosystem Science and Management Departments, Texas A&M University since 1981. Classes taught include AGEC 325, AGEC 659 and RLEM 415. Research interests include rangeland related natural resource management and policy and development of decision support systems to aid in abating impacts of risk and uncertainty.

Education

1970 Ph.D. Texas A&M University, Agricultural Economics 1967 M.S. Texas A&M University, Statistics 1965 B.S. Texas A&M University, Agronomy

Past Appointments

1981 Professor, Agricultural Economics and Ecosystem Science and Management Departments, Texas A&M University 1975Associate – 1981 Associate Professor/Professor, Agriculture Economics Department, Mississippi St Mississippi State University 1973 – 1975 Coordinator/Director of Planning and Analysis, State University System of Florida 1969 – 1973 Assistant Professor, Food and Resource Economics Department, University of Florida

Awards / Professional Activities

2008 Society for Range Management Outstanding Achievement Award 2000 Southern Agri. Econ. Assn. Lifetime Achievement Award 1991 USDA-Soil Conservation Service Superior Service Award 1989 Named Thomas M. O'Connor Professor of Rangeland Ecology and Management 1985 President, Southern Agricultural Economics Association 1984 Distinguished Performance Award for Team Research, Texas Agricultural Experiment Station

Selected Other Professional Contributions

Have advised 12 Ph.D. and 18 M.S. students who have graduated, currently advising 1 Ph.D. student.

284 Selected Publications Van Liew, Dustin, J. Richard Conner, Urs P. Kreuter and Richard Teague. “An Economic Comparison of Prescribed Extreme Fire and Alternative Methods for Managing Invasive Brush Species in Texas: a Modeling Approach.” Forthcoming Open Agricultural Journal.

Sorice, Michael G., J. Richard Conner, Urs P. Kreuter and R. Neal Wilkins. “Centrality of the Ranching Lifestyle and Attitudes toward a Voluntary Incentive Program to Protect Endangered Species.” Forthcoming Rangeland Ecology and Management.

Sorice, Michael, Wolfgang Haider, J Richard Conner and Robert B. Ditton. “Incentive Structure and Private Landowner Participation in an Endangered Species Conservation Program.” Conservation Biology, 25 (2011): 587-596.

Sorice, Michael and J. Richard Conner. “Predicting Private Landowner Intentions to Enroll in an Incentive Program to Protect Endangered Species.” Human Dimensions of Wildlife, 15 (2010): 77-89.

Cody Zilverberg, Urs Kreuter and Richard Conner. “Population Growth and Fertilizer Use: Ecological and Economic Consequences in Santa Cruz del Quiché, Guatemala.” Society & Natural Resources 23 (2009): 1-13.

Conner,J.R., “Economic Aspects of Texas Quails”. In Texas Quails: Ecology and Management. L. Brennan ed. Texas A&M University Press, College Station. 2007. pp 313-326.

Kreuter, U.P., M.V. Nair, D. Jackson-Smith, J.R. Conner and Janis E. Johnston. “Property Rights Orientations and Rangeland Management Objectives: Texas, Utah and Colorado.” Rangeland Ecology and Management.” 59 (2006): 632-639.

Olenick, K.L., U.P. Kreuter and J. R. Conner. “Texas Landowner Perceptions Regarding Ecosystem Services and Cost-Share Land Management Programs.” Ecol. Econ. 53 (2005): 247-260.

Olenick, K.L., R.N. Wilkins and J.R.Conner. “Increasing off-site water yield and grassland bird habitat through brush treatments.” Ecol. Econ. 49 (2004): 469-484.

Lemberg, Beth, J.W. Mjelde, J.R. Conner, R.C. Griffin, W.D. Rosenthal and J.W. Stuth. “An Interdisciplinary Approach to Valuing Water From Brush Control.” J. Am. Water Res. Assn. 38: (2002): 409-422.

Shumann, K.D., J.R. Conner, J.W. Richardson, J.W. Stuth, W.T. Hamilton and L. Drawe. “The Use of Biophysical and Expected Payoff Probability Simulation Modeling in the Economic Assessment of Brush Management Alternatives.” J. Agri. and Applied Econ. 33 (2001): 539-549.

Conner, J.R. “Assessing the Socioeconomic Impacts of Climate Change on Grazinglands.” Climatic Change 28 (1994): 143-57.

285 Rebekka M. Dudensing Assistant Professor [email protected]

Current Appointment

Assistant Professor, Department of Agricultural Economics, Texas A&M University System since November 2008. Appointment is 75% Extension and 25% Research. Research interests include community economic development, regional economics, and the analysis of economic and fiscal impacts. Extension work also includes the interpretation of regional sociodemographic and business data and trends.

Education

2008 Ph.D. Clemson University, Applied Economics 2005 M.S. Texas Tech University, Agricultural & Applied Economics 2002 B.S. Kansas State University, Agriculture

Past Appointments

2006 -2008 Research Associate, EDA University Center for Economic Development, Department of Applied Economics & Statistics, Clemson University 2004 -2005 Research Associate, Department of Agricultural & Applied Economics, Texas Tech University

Other Professional Activities

2009-2011 Rural Health Works Managing Committee Member 2011 National Association of Community Development Extension Professionals Recognition Committee Member 2010 National Association of Community Development Extension Professionals Program Committee Member

Selected Publications

Barkley, David L., and Rebekka M. Dudensing. 2011. “History Matters: Implications for the Development and Use of Indices of Regional Competitiveness.” Economic Development Quarterly 25(2): 130-142.

Dudensing, Rebekka M., David W. Hughes, and Martin Shields. 2011. “Perceptions of Tourism Promotion and Business Challenges: A Survey-Based Comparison of Tourism Businesses and Promotion Organizations.” Tourism Management, 32(6): 1453-1462.

Dudensing, Rebekka M., and David L. Barkley. 2010. “Competitiveness of Southern Metropolitan Areas: The Role of New Economy Policies.” Review of Regional Studies, 40(2): 197-226.

286 McCorkle, Dean A., Rebekka Dudensing, David P. Anderson, Dan Hanselka, Dean Ferguson, Doug Freer, and Gary Preuss. 2011. The Food and Fiber System and Production Agriculture's Contribution to the Texas Economy, MKT 3579-B, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, February.

Dudensing, Rebekka M., and Lonnie L. Jones. 2010. Understanding Texas Taxes 2011, E-584. Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, November.

Dudensing, Rebekka M. 2010. Texas Property Taxes, E-256. Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, August.

Dudensing, Rebekka, and Larry Falconer. 2011. 2006-2010 Economic Contribution of Colorado, Matagorda, and Wharton County Rice Production and Milling. Texas AgriLife Extension Service, Department of Agricultural Economics. CED 11-05. May.

Dudensing, Rebekka, and James Richardson. 2010. Economic Impact of Hurricane Ike on the Gulf Coast: Agricultural Production. Texas Engineering Extension Service. CED 10-05. November.

Dudensing, Rebekka. 2010. Economic Contribution of Western Texas College. Texas AgriLife Extension Service, Department of Agricultural Economics. CED 10-04. September.

Dudensing, Rebekka. 2010. Agriculture Taxes: Considerations across Southern and Other Agricultural States. Texas AgriLife Extension Service, Department of Agricultural Economics. CED 10-03. August.

Dudensing, Rebekka and Lonnie L. Jones. 2010. Evaluating Taxes. Texas AgriLife Extension Service, Department of Agricultural Economics. CED 10-03. August.

287 Richard A. Dunn Assistant Professor [email protected]

Current Appointment

Assistant Professor, Department of Agricultural Economics, Texas A&M University since 2008. Classes taught include AGEC 105, AGEC 105H and AGEC 635. Research interests include health economics and applied microeconomics.

Education

2008 Ph.D. University of Wisconsin-Madison, Economics 2006 M.S. University of Wisconsin-Madison, Economics 2004 M.Sc. London School of Economics and Political Science, Econometrics 2002 B.A. Williams College, Economics and Mathematics

Past Appointments

2008 Assistant Professor, Texas A&M University, Department of Agricultural Economics 2009 Visiting Professor, University Sains Malaysia, School of Social Sciences

Awards / Professional Activities

2006 - 2008 NIMH Health Economics Trainee

Selected Other Professional Contributions

Referee for 16 journals and reviewer for the 2010 and 2011 Demand Analysis sections of the Agricultural and Applied Economics Association Meetings. Currently acting as chair or committee member for 4 graduate students (Ph.D. and Masters). Served on subcommittee to organize an honors program in the Department of Agricultural Economics.

Selected Publications

Dunn, R.A. 2010. “Obesity and the availability of fast-food: an analysis by gender, race/ethnicity and residential location.” American Journal of Agricultural Economics, 92(4):1149-1164.

Classen, T.J., and Dunn RA. 2010. “The politics of hope and despair: the effect of presidential election outcomes on suicide.” Social Science Quarterly, 91: 593-612 (shared lead authorship)

Dunn, R.A., and Tan, A.K.G. 2010. “Cervical cancer screening in Malaysia: are targeted interventions necessary?” Social Science & Medicine, 71:1089-93. (lead author)

288 Dunn, R.A., and Tan, A.K.G. 2010. “Does performance of breast self-exams increase the probability of using mammography: evidence from Malaysia” Asian Pacific Journal of Cancer Prevention, 11(2):417-21. (lead author)

Tan, A.K.G., Dunn, R.A., Samad, M.I.A., and Feisul, M.I. 2011. “Sociodemographic and health- lifestyle determinants of obesity risks in Malaysia.” Asia Pacific Journal of Public Health, 23(2):192-202.

Classen, T.J., and Dunn, R.A. 2011. “Suicide, social integration and fertility rates.” Applied Economics Letters, 18(11):1011-1014. (shared lead authorship)

Dunn, R.A., Sharkey, J., Nayga, R.M., Boulhal, Y., and Lotade-Manje, J. 2011. “Socio- economic status, racial composition and the affordability of fresh fruits and vegetables in neighborhoods of a large rural region in Texas.” Nutrition Journal, 10:6. (lead author, Bouhlal and Lotade-Manje are Ag Econ graduate students).

Classen, T.J., and Dunn, R.A. 2011. “The effect of job loss and unemployment duration on suicide risk in the United States: a new look using mass-layoffs and unemployment duration.” Health Economics, forthcoming. (share lead authorship)

Dunn, R.A., and Tan, A.K.G. 2011. “Utilization of Breast Cancer Screening Methods in a Developing Nation: Results from a Nationally Representative Sample of Malaysian Households” Breast Journal, 17(4):399-402. (lead author).

Dunn, R.A., Shaw, W.D., and Trousdale, M. 2011. “The effect of weather on physical activity among older adults: controlling for location selection with longitudinal data.” Journal of Aging and Physical Activity (Trousdale is an Ag Econ graduate student), forthcoming

Tan, A.K.G., Dunn, R.A., and Yen, S. 2011. “Ethnic disparities in Metabolic Syndrome in Malaysia: an analysis by risk factors.” Metabolic Syndrome and Related Disorders, forthcoming. (shared lead authorship).

Dunn, R.A., Sharkey, J., Horel, S. 2011. “The effect of fast-food availability on fast-food consumption and obesity among rural residents: an analysis by race/ethnicity.” Economics and Human Biology, forthcoming (lead author).

289 Lawrence L. Falconer Professor and Extension Economist - Management [email protected]

Current Appointment

Extension Economist - Management, District 11, Texas AgriLife Extension Service, Corpus Christi, Texas, September 1992 to present. Research interest in row crop, small grain, forage and livestock production economics and marketing.

Education

1992 Ph.D. Texas A&M University, Agricultural Economics 1980 M.S. Oklahoma State University, Agricultural Economics 1978 B.S. Oklahoma State University, Agricultural Economics

Past Appointments

1992-present Extension Economist - Management, Texas AgriLife Extension Service 1989-1992 Research and Extension Associate, Texas Agricultural Experiment Station and Texas Agricultural Extension Service 1988-1989 Managing Officer, Striker Energy Resources, Inc. 1986-1988 Data Processing Manager, Meridian Reserve, Inc. 1983-1986 Manager, Economic Research & Analysis, MARCOM Trading Group 1981-1983 Senior Project Analyst, Sunbelt Data Systems 1980-1980 Analyst, Agricultural Group, Data Resources, Inc.

Awards / Professional Activities

2011 Outstanding Extension Program Award, Southern Agricultural Economic Association 2010 Outstanding Contribution Award, Turfgrass Producers of Texas 2010 Distinguished Professional Contribution Award, Southern Agricultural Economics Association 2008 Team Award for Superior Service, Texas Agrilife Extension Service 2003 Specialist of the Year in Texas Agriculture, Texas County Agricultural Agents Association 2000 Early Career Award, Epsilon Sigma Phi

Selected Other Professional Contributions

Southern Agricultural Economics Association Director (2007, 2008,2009), Southern Extension Farm Management Committee Member(1998-2007), Secretary (1999), Vice-Chairman (2000) and Chairman (2001), Texas Cooperative Extension Specialists Association (1992 - 2008) Past President (2003), President (2001-2002), President-Elect (2001), State Treasurer (1998), Chapter Director, Audit Committee Chairman

290 Selected Publications

Falconer, L.L., J. Gray, D. Montemayor, and B. Yanta. “Market Valuation for Attributes of Female Beef Cattle Replacements”, Texas Journal of Agriculture and Natural Resources, 22(2010):101-107. [On-line]. Available: http:/www.tarleton.edu/Departments/txjanr/Index.html .

Falconer, L. L., and D.P. Anderson. The Stocker Cattle Supply Chain, Veterinary Clinics of North America Food Animal Practice: Stocker Cattle Management. Elsevier, Inc., Philadelphia, PA. July 2006.

Ramsey, R., D. Doye, C. Ward, J. McGrann, L. Falconer, and S. Bevers. “Factors Affecting Beef Cow-Herd Costs, Production, and Profits,” Journal of Agricultural and Applied Economics, 37,1(April 2005):91-99.

Wikse, S.E., J.M. McGrann, D.B. Herd, L.L. Falconer, P.S. Holland, F.J. Abello, G.M. Rogers, D.C. Richardson, D.R. Yoder, and S. Ramachandran. “Impact of the Texas Beef Partnership in Extension Program on profitability of beef cow-calf herds,” Journal of the American Veterinary Medical Association, 225,2(July 2004):210-219.

Falconer, L. L., and R.D. Parker, ed. Proceedings of the Texas Gulf Coast Cotton Conference Improving Yield, Quality, Marketing. Texas Cooperative Extension, Corpus Christi, TX. (November 2001)

Falconer, L. L., and J.L. Parker. “Development and Use of a Stocker Cattle Market Workshop in Extension Ranch Management Programming,” Journal of Extension, 39,3(July 2001) [On-line]. Available: http:/joe.org/joe/2001june/tt4.html.

Falconer, L. L., J.L. Parker, and J.M. McGrann. “Cost of Production Analysis for the Texas Cow-Calf Industry,” Texas Journal of Agriculture and Natural Resources, 12(December 1999):7-13.

Falconer, L. L., C.R. Long, and J.M. McGrann. “A Decision Support Aid for Beef Cattle Investment Using Expert Systems,” Journal of Agriculture and Applied Economics, 28,1(July 1996):180 192.

Hanselka, C.W., and L.L. Falconer. “Pricklypear Management in South Texas,” Rangelands, 16,3(June 1994):102 106.

291 Ronald C. Griffin Professor [email protected]

Current Appointment

Professor, Department of Agricultural Economics, Texas A&M University since 1993. Current classes taught are AgEc 606, AgEc 636, and AgEc 677. Research interests emphasize water resource economics.

Education

1980 Ph.D. University of Wisconsin, Agricultural Economics 1977 M.S. Colorado State University, Economics 1975 B.S. Colorado State University, Mathematics

Past Appointments

1986 - 1993 Associate Professor, Department of Agricultural Economics, Texas A&M 1980 - 1986 Assistant Professor, Department of Agricultural Economics, Texas A&M

Awards / Other Professional Activities

2010-12 Editor, Water Resources Research 2006 - 2010 Associate Editor, Water Resources Research 1999 - 2008 Associate Editor (all Economics), Journal of Water Resources Planning and Management 1992 - 2007 Associate Editor (all Economics), Journal of the American Water Resources Association

Selected Other Professional Contributions

Four of Dr. Griffin's journal articles have been reprinted in five books that assemble foundation works pertaining to environmental or water economics.

Selected Publications

Griffin, Ronald C. “Engaging Irrigation Organizations in Water Reallocation.” Natural Resources Journal. Forthcoming. Griffin, Ronald C., and James W. Mjelde. “Distributing Water's Bounty.” Ecological Economics. Forthcoming. Bell, David, and Ronald C. Griffin. “National Urban Water Demand with Periodic Error Correction.” Land Economics 87 (August 2011): 528-44. Griffin, Ronald C., editor. Water Policy in Texas: Responding to the Rise of Scarcity. Washington, D.C.: Resources for the Future, 2011.

292 Griffin, Ronald C.. “Benchmarking in Water Project Analysis.” Water Resources Research 44 (November 2008): W11418, doi:10.1029/2008WR006868. David Bell, and Griffin, Ronald C. “An Annual Quasidifference Approach to Water Price Elasticity.” Water Resources Research 44 (August 2008): W08420, doi:10.1029/2007WR006233. Griffin, Ronald C. Water Resource Economics: The Analysis of Scarcity, Policies, and Projects. Cambridge, MA: MIT Press, 2006. Griffin, Ronald C. “Achieving Water Use Efficiency in Irrigation Districts.” Journal of Water Resources Planning and Management 132 (November/December 2006): 434-442. Griffin, Ronald C. “Effective Water Pricing.” Journal of the American Water Resources Association 37 (October 2001): 1335-47. Griffin, Ronald C., and James W. Mjelde. “Valuing Water Supply Reliability.” American Journal of Agricultural Economics 82 (May 2000): 414-26. Griffin, Ronald C. “The Application of Water Market Doctrines in Texas.” In Markets for Water: Potential and Performance, edited by W. Easter, M. Rosegrant, and A. Dinar. Boston: Kluwer Academic Publishers, 1998. Griffin, Ronald C. “The Fundamental Principles of Cost-Benefit Analysis.” Water Resources Research 34 (August 1998): 2063-71. Griffin, Ronald C. “On the Meaning of Economic Efficiency in Policy Analysis.” Land Economics 71 (February 1995): 1-15. Griffin, Ronald C., and Shih-Hsun Hsu. “The Potential for Water Market Efficiency when Instream Flows Have Value.” American Journal of Agricultural Economics 75 (May 1993): 292-303. Griffin, Ronald C., and Fred O. Boadu. “Water Marketing in Texas: Opportunities for Reform.” Natural Resources Journal 32 (Spring 1992): 265-88. Chang, Chan, and Ronald C. Griffin. “Water Marketing as a Reallocative Institution in Texas.” Water Resources Research 28 (March 1992): 879-90. Griffin, Ronald C., and Chan Chang. “Seasonality in Community Water Demand.” Western Journal of Agricultural Economics 16 (December 1991): 207-17. Griffin, Ronald C. “The Welfare Analytics of Transaction Costs, Externalities, and Institutional Choice.’ American Journal of Agricultural Economics 73 (August 1991): 601-14. Griffin, Ronald C. “Environmental Policy for Spatial and Persistent Pollutants.” Journal of Environmental Economics and Management 15 (March 1987): 41-53. Griffin, Ronald C., and Gregory M. Perry. “Volumetric Pricing of Agricultural Water Supplies: A Case Study.” Water Resources Research 21 (July 1985): 944-50. Griffin, Ronald C., and Daniel W. Bromley. “Agricultural Runoff as a Nonpoint Pollutant: A Theoretical Development.” American Journal of Agricultural Economics 64 (August 1982): 547-52.

293 Michael G. Haby Professor and Extension Economist – Seafood [email protected]

Current Appointment

Professor and Extension Economist – Seafood, Dept. of Agricultural Economics, Texas AgriLife Extension Service / Sea Grant College Program, Texas A&M University. Specialization: Offshore shrimp trawler performance (SPA), fuel-saving trawl and propulsion gear, Trade Adjustment Assistance for the shrimp industry, Seafood quality management and improvement.

Education

1982 M.S. Texas A&M University, Marine Resources Management 1974 B.B.A., Texas A&M University, Marketing

Past Appointments

2001 – Professor and Extension Economist – Seafood, Dept. of Agricultural Economics, Texas AgriLife Extension Service / Sea Grant College Program, TAMU. 1991 – 2001 Associate Professor and Extension Economist – Seafood 1982 – 1991 Seafood Marketing Specialist, Texas AgriLife Extension Service / Sea Grant College Program, TAMU 1979 – 1982 Regional Marine Extension Agent. Virginia Cooperative Extension Service / Virginia Sea Grant College Program, Virginia Tech.

Awards / Other Professional Activities

2010 National Sea Grant College Program – Superior Outreach Programming Award 2006 – Vice Chancellor’s Award in Excellence – Teams Category 2005 – Regional Sea Grant College Program – Superior Outreach Programming Award 2004 Texas AgriLife Extension Service Superior Service Award – Teams Category 2003 Vice Chancellor’s Award in Excellence – Specialist Category 2000 Texas AgriLife Extension Service Superior Service Award – Specialist Category 1999 Mid-Continental Assoc. Food & Drug Officials – Certificate of Appreciation. 1998 Assoc. Food & Drug Officials; Interstate Shellfish Sanitation Conf.; CFSAN/FDA; Natl. Sea Grant College Prg. – Letter of Commendation 1994 Indiana Retail Grocers Association – Certificate of Appreciation. 1993 Texas AgriLife Extension Service – Certificate of Appreciation.

Selected publications

Haby, M.G. “The Source of Workers and the Wages Paid in Texas Oyster Facilities for the Twelve-month Interval November 2009 – October 2010.” The Texas A&M University System. TAMU-SG-11-200. 13 p. (September 2011).

294 McCorkle, D., M.G. Haby, and D.D. Hanselka. “Economic Impact Brief: New Technology Leads to Dramatic Fuel Savings for Shrimp Trawlers.” MKT-3558U. Texas AgriLife Extension Service, The Texas A&M University System. (February 2011).

Graham, G.L. and M.G. Haby. “Measures to enhance fuel efficiency in the subtropical shrimp- trawl fishery.” in Proceedings of the Energy Use in Fisheries: Improving Efficiency and Technological Innovations from a Global Perspective. Seattle, Wa. (November 2010).

Haby, M.G., N.M. Rickard, and L.L. Falconer. “Documentation to Support a Regional Petition from Shrimp Producers in the Gulf and South Atlantic States for Certification to Participate in the Trade Adjustment Assistance for Farmers Program Offered by the U.S. Department of Agriculture” The Texas A&M University System. 21 p. (April 2010).

Haby, M.G., R.J. Miget, and L.L. Falconer. “Hurricane Damage Sustained by the Oyster Industry and the Oyster Reefs Across the Galveston Bay System with Recovery Recommendations.” The Texas A&M University System. TAMU-SG-09-201. 51 pp. (June 2009).

McCorkle, D., M.G. Haby, D. Hanselka, M. Niemeyer, S. Klose, and M. Waller. “Economic Impact of Trade Adjustment Assistance on Texas Shrimp Producers.” MKT-3557H. The Texas A&M University System. (December 2007).

Haby, M.G., R.J. Miget, and G.L. Graham. “U.S. Tropical Shrimp Policy.” Invited contribution, National Public Policy Education Committee, Farm Foundation. (November 2007).

Underbrink, S.M., and M.G. Haby. “Improving Essential Employee Skills in the Virtual Classroom: Using Multimedia to Teach Food Quality and Safety Procedures.” Paper prepared for the 2003 Syllabus Conference, Boston. (December 2003).

Falconer, L.L., M.G. Haby, R.J. Miget, and G.L. Graham. “A Review of Current Conditions in the Texas Shrimp Industry, an Examination of Contributing Factors, and Suggestions for Remaining Competitive in the Global Shrimp Market.” Journal of Agricultural and Applied Economics 35, 2:451 (August 2003).

Haby, M.G., L.L. Falconer, and J.L. Parker. “Developing an Economic Profile of Texas Shrimp Trawling Operations in The Gulf of Mexico.” in Johnstone R. and A.L. Shriver, compilers. Proceedings of the Tenth Biennial Conference of the International Institute of Fisheries Economics and Trade, July, 2000. Corvallis, OR. pp. 1-6 (August 2001).

Miget, R. J. and M.G. Haby. “Warmwater Shrimp Fisheries of The United States” in Martin, R.E., E.P. Carter, G.J. Flick, Jr., and L.M. Davis, eds. Marine and Freshwater Natural Products Handbook. Technomic Publishing, Lancaster, PA. pp 133-143. (March 2000).

Haby, M. G., R.J. Miget, T.E. Rippen, and C.W. Coale, Jr. “Improving the Performance of Full- service Retail Seafood Departments.” Texas A&M University Sea Grant College Program. TAMU-SG-99-502 / ISBN 1-883550-04-1. 166 p. (November 1999).

295 Robert J. Hogan Assistant Professor [email protected]

Current Appointment

Assistant Professor & Extension Economist, Department of Agricultural Economics, Texas A&M University since 2007. District Economist for District 6, Far West Texas. Applied research interests include issues in farm and ranch management, production economics, economic markets, and product marketing.

Education

2003 Ph.D. Oklahoma State University, Agricultural Economics 1972 B.S. Oklahoma State University, Agricultural Economics

Past Appointments

2007 - Assistant Professor & Extension Economist, Texas AgriLife Extension, Texas A&M University System 2003 - 2007 Assistant Professor & Extension Economist, Department of Agricultural Economics & Agribusiness, University of Arkansas

Awards / Other Professional Activities

2006 Co-recipient of 2006 American Society of Agricultural and Biological Engineering "Superior" Paper Award. 2002 & 2003 Oklahoma State University Foundation Distinguished Graduate Fellowship. 2001 & 2002 Spielman Scholarship, Oklahoma State University.

Selected Other Professional Contributions

Southern Extension Farm Management Committee (Secretary 2008; Vice-chair 2009; and Chair 2010)

Southern Agricultural Economics Association Selected Paper Session Moderator, 2007.

Selected publications

Anderson, David, Daniel Hanselka, and Robert Hogan. “Livestock Seasonal Price Variation.” Risk Management Curriculum Series RM2-7. Texas AgriLife Extension Service, Department of Agricultural Economics. The Texas A & M University System. Forthcoming.

296 Anderson, David, Daniel Hanselka, and Robert Hogan. “Livestock Basis.” Risk Management Curriculum Series RM2-4. Texas AgriLife Extension Service, Department of Agricultural Economics. The Texas A & M University System. Forthcoming.

Vories, E., R. Hogan, J. Greene, B. Phipps, L. Pringle, J. Stewart, T. Teague, E. Clawson, P. O’Leary, and T. Griffin. 2011. “Determining the Optimum Timing for the Final Furrow Irrigation on Mid-South Cotton.” Applied Engineering in Agriculture Vol. 27(5):737-745.

Banerjee, S., S.W. Martin, R.K. Roberts, J.A. Larson, R.J. Hogan, J.L. Johnson, K.W. Paxton, and J.M. Reeves. 2010. “Adoption of Conservation-Tillage Practices, and Herbicide- Resistant Seed in Cotton Production.” The Journal Of Agrobiotechnology Management & Economics Vol. 12 No. 3 & 4(2010) Article 2, January 25.

Bourland, Fred, Robert Hogan, Ed M. Barnes, and Don C. Jones. “Development and Utility of Q-score for Characterizing Cotton Fiber Quality” Journal of Cotton Science. 2(2010):53- 63.

Polk, M. Wade, Jason L. Johnson, and Rob Hogan. “Financial Benchmarks for Texas Cotton Producers.” Farm Assistance Focus 2010-2. Department of Agricultural Economics. The Texas A & M University System. June 2010.

Sturdivant, A.W., M.E. Rister, R.D. Lacewell, R. Hogan, A.M. Michelsen, Z. Sheng, E.K. Seawright, A.J. Leidner, T. Becker, W. McLaughlin, and A.E. Conrad. “Economists: Task 1.” Joint Rio Grande Basin Initiatives Annual Conference. Alpine, TX. May 19, 2010.

Carlberg, J.G., R.J. Hogan, Jr., and C.E. Ward. “Game Theory Application to Fed Cattle Procurement in an Experimental Market.” Agribusiness: An International Journal 25(2009):56-69.

Hogan, Jr., Robert, David Anderson, and Ted Schroeder. “Grid Pricing of Fed Cattle.” Risk Management Curriculum Series RM1-11. Department of Agricultural Economics. The Texas A & M University System. March 2009.

Vories, E.D., R. Hogan, P.L. Tacker, R.E. Glover, and S.W. Lancaster. 2007. “Estimating the Impact of Delaying Irrigation for Mid-South Cotton on Clay Soil.” Transactions of the American Society of Agricultural Engineers Vol. 50(3):929-937.

Vories, E.D., P.L. Tacker, and R. Hogan. 2005. “Multiple Inlet Approach to Reduce Water Requirements for Rice Production.” Applied Engineering in Agriculture Vol. 21(4):611- 616.

297 Ariun Ishdorj Assistant Professor [email protected]

Current Appointment

Assistant Professor, Department of Agricultural Economics, Texas A&M University since 2009. Classes taught include AGEC 105 and AGEC 621. Research interests include applied econometrics, health economics, and consumer and demand analysis.

Education

2008 Ph.D. Iowa State University, Economics 2000 M.S. University of Idaho, Mathematics 1996 B.S. National University of Mongolia, Mathematics

Past Appointments

2008 - 2009 Postdoctoral Research Associate, Department of Economics, Iowa State University 2006 - 2009 Instructor, Department of Economics, Iowa State University 2002 - 2006 Graduate Research Assistant, Department of Economics, Iowa State University 1998 - 2000 Graduate Teaching Assistant, Department of Mathematics, University if Idaho

Awards / Other Professional Activities

2011 Southern Agricultural Economics Association, Subject Area Coordinator 2007 Third Place, Sixth Annual Norman Borlaug Lectureship Poster Competition 2007 Finalist, Agricultural & Applied Economics Association (AAEA) annual poster competition

Selected Other Professional Contributions

Member, Ph.D. Preliminary Examination Committee (2010-present) Member, Undergraduate Advisory Committee (2009-present) Chair/Committee member of 6 M.S./ Ph.D. students.

Selected Publications

Karali, B., G. Power, and A. Ishdorj. “Bayesian State Space Estimation of Stochastic Volatility for Storable Commodities.” American Journal of Agricultural Economics, 93(2):434-440, 2011. Ishdorj, A., H. H. Jensen, and J. Tobias. “Intra-household Allocation and Consumption of WIC Approved Foods: A Bayesian Approach.” Advances in Econometrics, Volume 23: Bayesian Microeconomics, (Chib, Griffiths, Koop, and Terrell, eds.), 157-182 2008.

298 Jason L. Johnson Associate Professor [email protected]

Current Appointment

Associate Professor and Extension Economist, Texas AgriLife Extension Services, Department of Agricultural Economics since 2006, Texas A&M University Stephenville Center.

Education

1996 Ph.D. Texas Tech University, Agricultural Economics. 1993 M.S. Louisiana State University, Agricultural Economics, minor in Economics. 1991 B.S. Texas Tech University, Agricultural Economics.

Past Appointments

2007 - 2010 Associate Director, Southern Region Risk Management Education Center. 1999 - 2006 Associate Professor (Sept. 2003) and Extension Economist, Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University San Angelo Center. 1997-1998 Assistant Professor and Extension Economist, Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University Weslaco Center. 1994-1996 Teaching and Research Assistant in the Department of Agricultural Economics, Texas Tech University. Teaching experience in Introduction to Agricultural Economics, Price Theory, and Agricultural Marketing. 1992-1993 Research Associate in the Department of Agricultural Economics and Agribusiness, Louisiana State University.

Awards / Professional Activities

2006 - present Series 65 Investment Advisor Representative, Texas State Securities Board, Texas CRD# 141350. 2005 Texas AgriLife Extension Service, Superior Service Team Award - Tomorrow's Top Agricultural Producer Program. 2002 Epsilon Sigma Phi Early Career Award - Texas A&M University Alpha Zeta Chapter.

Selected Other Professional Contributions

During his career at Texas A&M, Dr. Johnson has served as a lead or principal investigator for 27 grant and/or research projects. The total amount of funds generated through these research grants totals over $1.4 million with Dr. Johnson directing over $1.1 million of these funds. Dr. Johnson recently collaborated with Extension professionals from 14 institutions on a grant provided by the Financial Industry Regulatory Authority (FINRA) Foundation to develop and

299 deliver an online course titled "Investing for Farm Families." This curriculum is available through www.extension.org and has been highlighted and demonstrated at multiple national risk management education conferences.

Professional extension and conference presentations include 50 at the National level; 104 at the Statewide level; and 550+ at the Regional and Multi-County Level. Presentation topics split equally among biological resource (crop and livestock) management and marketing, natural resource (land and water) management, and financial management (investment analysis, futures and options, balance sheet evaluation).

Selected Publications

O’Neil, B., N. Porter, D. Pankow, J. Johnson, and J. Shuchardt. 2010. “Online Investor Education: Listening to Learners to Develop an Effective Financial Literacy Program.” Journal of Financial Counseling and Planning, 1(1): 23-40.

Johnson, J.L., M.W. Polk, and R. Hogan. 2010. “Financial benchmarks for Texas cotton producers,” Proceedings of the 2010 Beltwide Cotton Conferences. National Cotton Council, Memphis, Tennessee. (1): 442-449.

Banerjee, S., S.W. Martin, R.K. Roberts, J.A. Larson, R.J. Hogan, Jr., J.L. Johnson, K.W. Paxton, and J.M. Reeves. 2009. “Adoption of Conservation-Tillage Practices and Herbicide-Resistant Seed in Cotton Production.” AgBioForum, The Journal of Agrobiotechnology Management and Economics, 12(3&4): 258-268. Available on the World Wide Web: http://www.agbioforum.org .

Bennett, B., J. Johnson, and R. Parker. 2009. “Educating Limited Acreage Producers Using Web-Based Technology.” Journal of Extension, 47(6). Available on the World Wide Web: http://www.joe.org/joe/2009december/pdf/JOE_v47_6iw3.pdf .

Johnson, J.L., P. Johnson, D. Willis, E. Segarra, R. Lacewell, D. Ethridge, J. Ellis, and S. Amosson. 2001. “Estimating the Potential to Reduce Agricultural Irrigation Water Demand in West Central Texas.” Texas Journal of Agriculture and Natural Resources, (14) 133-143.

Elmer, N.A., A.P. Thurow, J.L. Johnson, and C.P. Rosson, III. 2001. “Investments in Texas Grapefruit.” Journal of Agricultural & Applied Economics. (33)3: 391-401.

Arabiyat, T., E. Segarra, and J. Johnson. 2001. Technology Adoption in Agriculture: Implications for Ground Water Conservation in the Texas High Plains. Resources, Conservation and Recycling. (32) 147-156.

300 Eluned Jones Professor [email protected]

Current Appointment (Fall 2002 – present) Professor (’06), Food and Agribusiness Strategic Management and Marketing; Chair, Intercollegiate Faculty of Agribusiness; Director, Master of Agribusiness (MAB) program

Education 1987 Ph.D. Agricultural Economics, Texas A&M University 1977 B.Sc. (Honors) Horticultural Crops and Business Management, U. of Bath, UK 1979 M.S. Horticulture, North Carolina State University Past Appointments 1996-1997 Sabbatical leave. Department of Agricultural Engineering, University of Illinois. GIPSA-USDA project completed with S. Eckhoff and M. Paulsen. 1988-2002 Associate (’94) Professor, Coordinator MS Agribusiness degree program, Department of Agricultural and Applied Economics, Virginia Tech 1987-1988 Vice-President, Director of Livestock Research, Livestock Division, Drexel, Burnham, and Lambert, Inc., Chicago, Illinois. 1981-1982 Product Marketing Engineer, Texas Instruments, Midland, Texas. 1980-1981 Assistant Head of Materials Evaluations, International Center for Textile Research, Texas Tech University, Lubbock, Texas. Courses Taught AGEC 625 Environment of Agribusiness (spring, graduate) AGEC 630 Agribusiness Strategic Management (fall, 1 of 2 MAB capstone courses) AGEC 671 Foundations of Agribusiness (fall, field PhD course, co-taught, 2002 – 2007) AGEC 689 Comparison of US and EU Food Systems (summer, 2003-2006, co-taught) LBAR 489 Undergraduate University Scholars Seminar (fall and spring 2006 – 2009)

179 MAB students advised since fall 2002. 4 MS Chaired, 2 MS Co-chaired at Virginia Tech. Approx. $1.5 million as PI or Co-PI; ($900K research, $600K teaching and extension education) My research program is designed to analyze the influence of economic and legislative global changes on the public versus private role in facilitating US food and agribusiness markets.

Selected Publications: Ng, D., V. Salin. and E. Jones. 2010. “Business Incentives for Food Safety: Theory and Empirical Evidence.” Report to the ERS-USDA.

Salin, V., E. Jones, and G. Williams. 2006. “Economic Evaluation of Direct Verifiable Program and Action Plan for Pathogen Control in Almonds.” Report to the Almond Board of California, September, pp. 51.

Goel, A., C. Zobel, and E. Jones. 2005. “A Multi-Agent System for Supporting the Electronic Contracting of Food Grains.” J. of Computers and Electronics in Agriculture, 49:123- 137.

301 Bailey, D., and E. Jones (co-authors). 2004. “Food Traceability and Assurance in the Global Food System.” Farm Foundation Panel Report, pp. 42. www.farmfoundation.org.

Jones, E., and S. Mercier (co-authors). 2004. “The Power of Biotechnology to Impel Change in the Grain and Oilseeds Markets.” Willamette Journal of International Law & Dispute Resolution, Volume 12:101-142.

Jones, E. 2002. “Entity Preservation and Passport Agriculture: EU vs. USA.” Drake Journal of Agricultural Law, Vol. 7, No. 2, pp. 381-406.

Bailey, D., E. Jones, and D. Dickinson. 2002. “Knowledge Management and Comparative International Strategies on Vertical Information Flow in the Global Food System.” Amer. J. Agr. Econ,. 84,5:1337-1344.

302 Danny A. Klinefelter Professor & Extension Economist [email protected]

Current Appointment

Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University and Texas AgriLife Extension. Classes taught include AGEC 330 and AGEC 630. Specializes in agricultural finance and management development.

Education

1979 Ph.D. University of Illinois, Agricultural Economics 1971 M.S. University of Illinois, Agricultural Economics 1969 B.S. Southern Illinois University, Agribusiness

Past Appointments

1988 - Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University 1987-1988 Vice President Administration and Coordinator of Field Operations, Farm Credit Capital Corporation 1986 Extension Economist, Management, Department of Agricultural Economics, Texas A&M University 1982-1985 Vice President of Marketing, Financial Services and Training, Federal Intermediate Credit Bank, Jackson, Mississippi 1979-1982 Assistant Professor, Department of Agricultural Economics, Texas A&M University 1976-1979 Instructor and National Science Fellow Research Trainee, Department of Agricultural Economics, University of Illinois 1972-1976 Assistant Vice President, Commercial Loan Officer and Credit Analyst, Springfield Marine Bank

Awards/Professional Activities

2011 Regents Fellow, Texas A&M University System 2010 Distinguished Service to Agriculture Award, American Agricultural Editors Association 2009 Named one of the 25 people in the world who will have the greatest influence on the future of American Agriculture, Top Producer magazine’s 25th anniversary edition 2006 Honor Professor, College of Agriculture and Life Sciences, Texas A&M University 2005 Lifetime Achievement Award, Southern Agricultural Economics Association

303 2002 Association of Former Students Distinguished Achievement Award for Teaching Excellence - College Level, Texas A&M University 2001 Vice Chancellor’s Award in Excellence - Undergraduate Teaching, Texas A&M University 1998 Association of Former Students Distinguished Achievement Award in Extension - University Level, Texas A&M University 1997 Vice Chancellor’s Award in Excellence - Extension Education and Service, Texas A&M University 1992 Superior Service Award for Developing Innovative Programs in Business and Financial Management, Texas Agricultural Extension Service. 1988 Superior Service Award for Innovative Extension Program in an Interdisciplinary Team Effort, Texas Agricultural Extension Service 1987 Quality of Published Communication Award, American Agricultural Economics Association

Selected Other Professional Contributions

Director, The Executive Program for Agricultural Producers Executive Secretary, Association of Agricultural Production Executives

Selected Publications

Klinefelter, D. Alternative Farm Business Arrangements, Agricultural Law Proceedings, State Bar of Texas, May, 2009. Klinefelter, D. Successor Development and Management Transition on Family Farms and Ranches, Texas AgriLIFE Extension, 2009. Klinefelter, D. Is There Any Connection. . . Political Rhetoric, Emotional Arguments and Reality, Corn & Soybean Digest, January, 2009. Klinefelter, D. Seek Other Winners: Peer Advisory Groups, Top Producer, March, 2008. Klinefelter, D. To Remain Relevant, Change Agents Also Need to Change, Journal of Agricultural and Applied Economics, August, 2006. Klinefelter, D. Twenty-Five Attributes of the 21st Century Farm Executive, The Texas AgriLIFE Extension, B-6168, 2005. Klinefelter, D., A. Oltmans, and T. Frey. Agricultural Financial Reporting and Analysis. Doane Publishing, Third Edition, 2001. Boehlje, M., and D. Klinefelter. Positioning and Planning Your Business. E.I. duPont Nemours, 1997. Klinefelter, D., and M. Boehlje. Modern Farm Management. E.I. duPont Nemours, 1997. Klinefelter, D. and T. Frey. Coordinated Financial Statements for Agriculture. Century Communications, Third Edition, 1989.

304 Steven L. Klose Associate Professor and Extension Economist [email protected]

Current Appointment

Associate Professor and Extension Economist – Farm Management and Policy FARM Assistance Extension Program Coordinator

Education

2001 Ph.D. Texas A&M University, Agricultural Economics 1995 M.S. Texas A&M University, Agricultural Economics 1992 B.S. Texas A&M University, Agricultural Economics

Past Appointments

2007 - Associate Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University System 2001-2007 Assistant Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University System 1997-2001 Extension Program Specialist – Farm Management Department of Agricultural Economics, Texas A&M University System 1995-1997 Research Associate, Agricultural and Food Policy Center Department of Agricultural Economics, Texas A&M University System

Awards / Professional Activities

2011-2012 Chairmen of Public Policy Education Working Group (SERA 39) 2006-2011 Southern Extension Public Affairs Committee (Served as Texas representative, Secretary, and Chairman) 2010 Agricultural & Applied Economics Assoc., Distinguished Extension Program 2010 Southern Agricultural Economics Association, Outstanding Extension Program 2009-2010 Vice Chairman of Public Policy Education Working Group (SERA 39) 2008 Western Agricultural Economics Association, Outstanding Extension Program 2007 Texas AgriLife Extension Service, Superior Service Unit Award 2005-2007 Co-Editor and member of Project Steering Committee for 2007 Policy Options and Consequences, a publication product of the National Public Policy Education Committee sponsored by Farm Foundation and USDA 2006 Epsilon Sigma Phi, State Early Career Award

Selected Other Professional Contributions

Dr. Klose is Program Coordinator of the FARM Assistance program, responsible for directing program staff and program delivery. In addition to leadership and supervisory responsibilities, he is also the lead specialist for model development, database management, and analyst training.

305 The FARM Assistance program is a concentrated, highly intensified extension effort initiated by the Texas Legislature to assist agricultural producers with strategic planning and risk management. The program utilizes a decision support simulation model that projects a farm or ranch’s financial performance over ten years, incorporating risk. The program provides specific strategic analyses to individual producers in Texas, assisting the farm/ranch manager with long- range planning and decision analysis. In addition, the broader scope of the program is to provide unique educational and analytical capacity to the Texas agriculture industry through the development of the database of program participants.

Selected Publications

Klose, Steven L. “The Environment of the Next Farm Bill Debate.” Choices 2nd Quarter 2011, 26(2)

Outlaw, Joe L., James W. Richardson, and Steven L. Klose. “Farm Bill Stakeholders: Competitors or Collaborators?” Choices 2nd Quarter 2011, 26(2)

Klose, Steven L., Steve Amosson, Jackie Smith, Stan Bevers, Jose Pena, Bill Thompson, Mark Waller. 2011 Texas Agricultural Custom Rates. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System. April 2011

Klose, Steven L., Nicole Gueck, Joe L. Outlaw, DeDe Jones, Greg H. Kaase, Natalie A. Outlaw, Jeff Pate, Wade Polk, Patrick Warminski, Jay Yates, and A. Mac Young. Texas Agricultural 2009: The Road to Success. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System, FARM Assistance Annual Program Report, April 2009.

Klose, Steven L., Danny Klinefelter, and Rob Hogan. Impacts of Tighter Credit in Agriculture. Texas AgriLife Extension Service, Texas A&M University System, Department of Agricultural Economics, Agriculture and the 2008 Credit Crisis Series, E-549, March 2009

Klose, Steven L., George M. Knapek, and J. Marc Raulston. The Intersection of Farm Credit and Farm Policy. Texas AgriLife Extension Service, Texas A&M University System, Department of Agricultural Economics, Agriculture and the 2008 Credit Crisis Series, E- 548, March 2009

Klose, Steven L., and Joe L. Outlaw. “Financial and Risk Management (FARM) Assistance: Decision Support for Agriculture.” Journal of Agriculture and Applied Economics, 37,2 (August 2005):415-423

Richardson, James W., Steven L. Klose, and Allan W. Gray. “An Applied Procedure for Estimating and Simulating Multivariate Empirical (MVE) Probability Distributions In Farm Level Risk Assessment and Policy Analysis.” Journal of Agriculture and Applied Economics 32,2(August 2000):299-315

306 Ronald D. Lacewell Professor/ Associate Vice Chancellor [email protected]

Current Appointment

Professor and Associate Vice Chancellor, Department of Agricultural Economics and Texas A&M AgriLife, Classes include thesis and special problems. Research includes natural resources and renewable energy.

Education

1970 PhD, Oklahoma State University, Agricultural Economics 1967 M.S., Texas Tech University, Agricultural Economics 1963 B.S., Texas Tech University, Agricultural Economics

Past Appointments

1963-64 Statistician, U.S. Bureau of the Census, Federal Government 1966 Instructor, Agricultural Economics, Texas Tech University 1967-70 Economist, Economic Research Service, U.S. Department of Agriculture 1970-73 Asst. Professor, Agricultural Economics, Texas A&M University 1973-78 Assoc. Professor, Agricultural Economics, Texas A&M University

Awards / Professional Activities

1980 Distinguished Individual Performance Award (A&M Agri.) 1989 Distinguished Team Performance Award (A&M Agri.) 1998 Distinguished Team Performance Award (A&M Agri.) 2003 Distinguished Alumni of Texas Tech University 2004 2005 Southern Agri Econ Assn. Lifetime Acheivement Award 2003 Western Agri Econ Assn. Scholar Award 1993-1996 Tex. Plant Protection Assn Award for Service 1975 Nat. Res. Council Certificate for Outstanding Ser. 2001-2006 Vice President Western Agri. Econ. Assn. 2006-2007 Univ. Council for Water Resources (Board member) 1977-1979 President of Univ. Council for Water Resources 1980-1983 Editorial Council of Amer. J. of Agri. Econ. 2000-now Editorial Council of So. J. of Agri. Econ. Board of Tex. Plant Protection Assn. Member Alpha Zeta, Member Sigma Xi. Member Gamma Sigma Delta

307 Selected Other Professional Contributions

Publications include over 100 refereed journal articles and over 200 bulletins and numerous invited and contributed professional papers. Principal and co-principal investigator for contracts totaling several million dollars. Served as economist of several multi-disciplinary, multi-state contracts which have exceeded $40 million. Research areas have included water, energy, integrated pest management, fisheries, recreation, weather modification and new crops. Served as a consultant to EPA, U.S.D.A., U.S. Dept. of Interior, Office of Technology Assessment of the U.S. Congress, Army Corps of Engineers, World Resources Institute, State Agencies, Conoco, Diamond Shamrock, several engineering firms, Texas Attorney General, Fulbright and Jawarski Law Firm, Department of Justice and others.

Selected Publications

Lacewell, R.D., M. Dubois, A.M. Michelsen, M.E. Rister, and A.W. Sturdivant. “Transboundary Water Crises: Learning From Our Neighbors in the Rio Grande (Bravo) and Jordan River Watersheds.” Journal of Transboundary Water Resources. Vol. 01, pp.95-123 (February, 2010).

Seawright, E.K., M.E. Rister, R.D. Lacewell, D.A. McCorkle, A.W. Sturdivant, C. Yang, and J.A. Goolsby. “Economic Implications for the Biological Control of Arundo donax: Rio Grande Basin.“ Southwestern Entomologist, Vol. 34, No. 4, pp. 377-94 (Dec. 2009).

Adusumilli, N.C., R.D. Lacewell, C.R. Taylor, and M.E. Rister. 2010. ‘‘Review of the Unintended Consequences of the National BioEnergy Policy.” Journal of Global Intelligence & Policy 3(2):

Boyer, C.N., M.E. Rister, C.S. Rogers, A.W. Sturdivant, R.D. Lacewell, C. Browning, J.R. Elium III and E.K. Seawright. “Economies of Size in Municipal Water Treatment Technologies: A Texas Lower Rio Grande Valley Case Study.” Texas Water Resources Institute. TR-367. College Station, TX. July 2010.

Rogers, C.S., A.W. Sturdivant, M.E. Rister, R.D. Lacewell, and J.G. Santiago. “Economic and Financial Costs of Conventional Surface-Water Treatment: A Case Study of the McAllen Northwest Facility.” Texas Water Resources Institute. TR-311. College Station, TX. February, 2010.

Seawright, E., R.D. Lacewell, N. Adusumilli, M.E. Rister, and R. Taylor. 2010. “Irrigated Corn to Ethanol Energy Balance,” presented at Southwest Renewable Energy Conference September 15. Santa Fe, New Mexico.

Taylor, C.R., R.D. Lacewell, and E. Seawright. 2010. “Economic Cost of Biodiesel and Corn Ethanol per Net BTU of Energy Produced,” presented at Southwest Renewable Energy Conference September 15. Santa Fe, New Mexico.

308 David Leatham Professor [email protected]

Current Appointment

Professor, Department of Agricultural Economics, Texas A&M University since 1996 and Associate Head for Graduate Programs since 1997.Classes taught include: AGEC 330: Financial Management in Agriculture; AGEC 431 Cases in Agribusiness Finance; AGEC 432: Rural Real Estate and Financial Analysis; and AGEC 605: Rural Real Estate Appraisal and Organization. Research interests include improving financial decision making for agricultural businesses including farms and ranches and the ability of financial intermediaries to provide credit to agricultural businesses.

Education

1983 Ph.D. (Agricultural Economics), Purdue University. 1978 M.S. (Agricultural Economics), Brigham Young University. 1977 B.S. (Agricultural Economics), Brigham Young University.

Past Appointments

May 1997- Associate Head for Graduate Programs, TAMU. Sept. 1996- Professor of Agricultural Economics, TAMU 1989-1996 Associate Professor of Agricultural Economics, TAMU. 1983-1989 Assistant Professor of Agricultural Economics, TAMU. 1977 Economist, Inputs and Finance Sector, E.R.S., U.S.D.A.

Awards / Professional Activities

1983- Member of AAEA, WAEA, SJAE 2009 -2014, NC-1177 Member of Regional Agricultural Finance Workgroup 2004-2008, NC-1041 Agricultural and Rural Finance Markets in Transition 1998-2003, NC-221 Financing Agriculture & Rural America: Issues of Policy 1988-1997, NC-207 Chair (1989): Regulatory, Efficiency and Management Issues Affecting Rural Financial Markets 1983-1987, NC-161 Financing Agriculture in a Changing Environment; Macro, Market, Policy and Management Participant: ESCOP/ACOP Leadership Development Program 1988 Award: Recipient of the Texas Agricultural Experiment Station Award of Excellence for Team Research (one award annually)

309 Selected Other Professional Contributions

Advisor for the Graduate Student Association in Agricultural Economics.

Chair of Graduate Committee, 12 PhD students and 19 MS students who have graduated. Currently advising 8 PhD students.

Selected Publications

“Structural Change in Stock Price Volatility in Asian Financial Markets.” Journal of Economic Research, 15(2010):1-27.

“Irrigation Technology Adoption and Its Implication for Water Conservation in the Texas High Plains: A Real Options Approach.” Agricultural Economics, 38(2008):47-55.

“REITs Dynamics Under Structural Change with Unknown Break-Points.” Journal of Housing Economics, 16(March 2007):37-58.

“Does Consumer Debt Cause Economic Recession? Evidence Using Directed Acyclic Graphs.” Applied Economics Letters, 13(2006):401-407.

“Effects of Federal Risk Management Programs on Optimal Acreage Allocation and Nitrogen Use in a Texas Cotton-Sorghum System.” Journal of Agricultural and Applied Economics, 37 (Number 3, December 2005): 685-99.

“Futures Trading Activity and Commodity Cash Price Volatility.” Journal of Business Finance & Accounting, 32 (No. 1 & 2, January/March 2005), 0306-686X.

“Price and Volatility Transmission in International Wheat Futures Markets.” Annals of Economics and Finance, 4(2003):37-50.

“Stock Market Reaction to Food Recalls: A GARCH Application.” Applied Economic Letters, 9(2002):979-87.

“External Equity in Agriculture: Risk Sharing and Incentives in a Principal-Agent Relationship.” Agricultural Finance Review, 62(No. 1, Spring 2002):13-24.

“Agricultural Liberalization Policy and Commodity Price Volatility: A GARCH Application.” Applied Economics Letters, 8(2001):593-98.

“Asset Storability and Price Discovery of Commodity Futures Markets: A New Look.” Journal of Futures Markets, 21(No. 3, 2001):279-300.

“Impact of Interest Rate Swaps on Corporate Capital Structure: Empirical Evidence.” Applied Financial Economics, 11(2001):75-81.

310 Kerry K. Litzenberg Professor [email protected]

Current Appointment

Presidential Professor of Teaching Excellence and Regents Professor, Department of Agricultural Economics, Texas A&M University since 1979. Classes taught include AGEC 315, AGEC 484 (Internships), Research interests include agribusiness marketing and sales and student learning and motivation.

Education

B.S. 1971 - Ph.D. Purdue University, Agricultural Economics

M.S. 1972 - M.S. Purdue University, Education

PhD 1979 - B.S., Purdue University, Agricultural Education

Past Appointments

1978-1985 Assistant Professor, Dept of Agricultural Economics, Texas A&M University 1985-1990 Associate Professor, Dept of Agricultural Economics, Texas A&M University 1990- 2009 Professor, Department of Agricultural Economics, Texas A&M Univiersity 2002 Eppright Professor of Undergraduate Teaching Excellence 2009 Regents Professor 2010 Presidential Professor of Undergraduate Teaching Excellence

Awards / Professional Activities

2011 USDA National Teaching Excellence Award 2010 National Teaching Award, Agriculture and Applied Economics Association. 2009 Lifetime Achievement Award, Southern Agricultural Economics Association 1997 Recipient of the Texas A&M Association of Former Students Distinguished Achievement Award for Teaching at the college-level 1996 Recipient of the Outstanding Teacher Award by the Agricultural Economics and Agribusiness Association. 1996 Recipient of the Texas A&M Vice Chancellor's Award in Excellence for Student Counseling and Relations. 1985 Texas A&M University Association of Former Students Distinguished Faculty Teaching Award awarded at Texas A&M University (three awarded annually). 1983 Texas A&M University Former Students Distinguished Teaching Award in the College of Agriculture (three awarded annually).

311 Selected Other Professional Contributions

2003 Fellow, International Food and Agribusiness Management Association

Selected publications

Jin, Y., J.W. Mjelde and K.K. Litzenberg, “Economic Analysis of Job Related Attributes in Undergraduate Students’ Initial Job Selection,” Journal of Education Economics, forthcoming in 2011.

Mjelde, J.W., K.K. Litzenberg, and J.R. Lindner. “Cognitive Development Effects of Teaching Probabilistic Decision Making to Middle School Students” Journal of Natural Resource and Life Science Education, 40(2011):36-44.

Urutyan, V.E., “Skills, Qualities and Experiences Needed for Future Leaders in Food and Agribusiness Industries of Armenia,” International Food and Agribusiness Management Review, Volume 13, Issue 4, 2010.

Litzenberg, K.K., “Great Teaching: Undergraduate Agricultural Economics Millennial Students,” Journal of Agricultural and Applied Economics (JAAE), Vol 42, Issue 3, July 2010. Mjelde, J.W., K.K. Litzenberg, J.E. Hoyle, S.R. Holochwosh, and S. Funkhouser, “Fires, Floods, and Hurricanes: Is EnSO to Blame?”, Science Scope Journal, March 2007. Siebert, J., K. Litzenberg, R. Gallagher, C. Wilson, F. Dooley, A. Wysocki, “Factors Associated with Students’ Academic Motivation in Agricultural Economics,” American Journal of Agricultural Economics, 87 (1), February 2006. Hoyle, J.E., J.W. Mjelde, and K.K. Litzenberg, ”Weather to Make a Decision,” Science Scope Journal, February 2006. Hall, C., G. Fairchild, G. Taylor, K. Litzenberg, G. Baker, and T. Taylor, “Agribusiness Capstone Courses Design: Objectives and Strategies,” International Food and Agribusiness Management Review, Volume 6, Issue 4, 2003. Siebert, J., G. Davis, K. Litzenberg, and J. Broder, “Time Allocation Decisions Associated with Job Market Preparations: Undergraduate Perception versus Market Realities,” American Journal of Agricultural Economics, 84 (1), February 2002, pp. 222-233. Litzenberg, K.K., and A. J. Dunne, “Partnerships with Industry: the Essential Ingredient for Agribusiness Education,” Journal of Agribusiness, 14(2):197-204, Fall 1996. Litzenberg, K.K., “Agribusiness and the Agricultural Economics Profession: Research Agendas in Agribusiness,” Southern Journal of Agricultural Economics. Volume 05531, July 1992, pp. 31-35.

312 Bruce McCarl Ph.D. University Distinguished Professor, Regents Professor, AgriLife Faculty Fellow [email protected]

Current Appointment Education

1970 B.S. in Business Statistics Univ. of Colorado, Boulder Business Statistics 1973 PhD in Management Science, Pennsylvania State University

Past Appointments

1982-1985 Professor, Agricultural and Resource Economics Oregon State 1977-1982 Associate Professor, Agricultural Economics Purdue 1980-1981 Visiting Professor, Agricultural and Resource Economics Oregon State 1973-1977 Assistant Professor, Agricultural Economics Purdue

Awards / Other Professional Activities

2010 Former Students Distinguished Achievement Research-Texas A&M 2009 Bruce Gardner Memorial Prize for Applied Policy Analysis 2009 Western Agricultural Economics Association, Distinguished Scholar Award 2009 Presidential Award of Excellence for Faculty Service to International Students 2009 Amer. Society of Agric. and Biological Eng. Educational Aids Blue Ribbon Award 2008 TAMU Distinguished Professor 2008 Publication of Enduring Quality, American Agricultural Economics Association 2007 Nobel Peace Prize participant in award to Intergovernmental Panel on Climate Change 2007 President's Award, American Agricultural Economics Association 2007 Distinguished Scientist Award - Texas A&M Chapter of Sigma Xi 2005 Texas Agricultural Experiment Station Fellow 2005 Distinguished Fellow, American Agricultural Economics Association 2002 TAMU Regents Professor, Faculty Senate 1994 Former Students Distinguished Achievement Research 1993 USDA Administrators Superior Service Award - Individual Scientific Research 1992 TAMU Agricultural Economics Graduate Student Instructor Award 1987 U.S. Environmental Protection Agency, Award for Research Excellence

Selected Other Professional Contributions

Editor Choices, Associate editor AJAE, Climatic Change, Water Resources Research Have advised 59 PhD, 19 MS thesis and 3 MS non thesis students who have completed. As of now 15 PhD in process and 1 MS.

Selected Publications Journal Articles, 217; Books, 8; Book Chapters, 46; 283 invited papers and 144 other presentations; 66 Government or Station Bulletins

313 Attavanich, W., D. Bessler, and B. McCarl, “H1N1 (Swine Flu) Media Coverage on Agricultural Commodity Markets,” Applied Economic Perspectives and Policy, forthcoming, 2011. Carpenter, T.E., J.M. O'Brien, A.D. Hagerman, and B.A. McCarl, “Epidemic and economic impacts of delayed detection of foot-and-mouth disease: a case study of an outbreak in California,” Journal of Veterinary Diagnostic Investigation, 23, 26-33, 2011. Chen, C.C., B.A. McCarl, and C.C. Chang, “Climate Change, Sea Level Rise and Rice: Global Market Implications,” Climatic Change, forthcoming, 2011. Chen, C.C., B.A. McCarl, C. Chang, and C. Tso, “Evaluation the Potential Economic Impacts of Taiwanese Biomass Energy Production,” Biomass and Bioenergy, 35, 1693-1701, 2011. Chen, C., C. Chang, B. McCarl, “The Equivalence of Tariffs and Quotas under a Tariff-Rate Quota System: Case Study of Rice,” Can. J. of Agr. Economics, Forthcoming, 2011. Egbendewe-Mondzozo, A., M. Musumba, B.A. McCarl, and X.M. Wu, “Climate Change and Vector-borne Diseases: An Economic Impact Analysis of Malaria in Africa,” International Journal of Environmental Research and Public Health, 8(3), , 913-930, 2011. Hagerman, A.D., B.A. McCarl, T.E. Carpenter, J.O. O'Brien, and M. Ward, “Emergency vaccination and control of FMD: Consequences of its inclusion as a US Policy Option,” Applied Economic Perspectives and Policy, forthcoming, 2011. Hartley, D.M., J.L. Rinderknecht, T.L. Nipp, N.P. Clarke, G.D. Snowder, B.A. McCarl, and others, “Understanding the Potential Impacts of Rift Valley Fever in the United States,” Emerging Infectious Diseases, [serial on the Internet]. 2011 Aug. http://www. cdc. gov/EID/content/17/8/101088. htm, 2011. Koleva, N.G., U.A. Schneider, and B.A. McCarl, “Pesticide and greenhouse gas externalities from US agriculture – The impact of their internalization and climate change,” Climate Change Economics, forthcoming, 2011. Seo, S.N., I. Hoffmann, and B.A. McCarl, “Managing Livestock Species under Climate Change in Australia,” Animals Journal: Special issue on climate change and livestock management, Forthcoming, 2011. Alig, R.J., G.S. Latta, D.M. Adams, and B.A. McCarl, “Mitigating Greenhouse Gases: Forestry's Interactions with Other Sectors,” Forest Policy and Economics Review, 12, 67-75, 2010. Attavanich, W., B.A. McCarl, and R. Hughes-Fraire, “Trade Liberalization, Trade-Related- Climate-Change Policies, and Their Consequences: Discussion,” American Journal of Agricultural Economics, 1093, 2010. Baker, J.S., B.A. McCarl, B.C. Murray, S.K. Rose, R.J. Alig, D.M. Adams, G.S. Latta, R.H. Beach, and A. Daigneault, “Net Farm Income and Land Use under a U.S. Greenhouse Gas Cap-and-Trade,” AAEA Policy Issues, Issue 7: April 2010. Feng, S., A. Hagerman, J. Mu, B. McCarl, and W.Wang, “Climate Change and the West: A Multifaceted Issue,” Western Economics Forum, IX, (1), Spring, 1-10, 2010.

314 Max “Dusty” Menzies Assistant Lecturer and Undergraduate Counselor [email protected]

Current Appointment

Assistant Lecturer and Undergraduate Counselor – Texas A&M University

Classes Taught – AGEC 217 – Fundamentals of Agricultural Economics Analysis AGEC 314 – Marketing Agriculture and Food Products

Education

2004 M.S. Texas A&M University – Agricultural Economics 1997 B.S. Texas A&M University – Animal Science & Agricultural Economics

Awards / Professional Activities

2008 Student Led Award for Teaching Excellence - Winner 2009 Student Led Award for Teaching Excellence - Finalist 2010 Student Led Award for Teaching Excellence - Finalist

Selected Other Professional Contributions

Advise current and prospective students on course loads, admission requirements, and all facets of academic program. Assist in recruiting efforts throughout the department including being an advisor for the departmental recruiting organization, the Aggie REPS. Conduct New Student Conferences for freshmen, on-campus change of majors, and off-campus transfers. Coordinate the AGEC Undergraduate Writing Lab and graders for AGEC Undergraduate Programs.

Currently in the PhD program in the Texas A&M Department of Education, Higher Education Program. Research in program focuses on higher education finance and policy, specifically calculating price elasticity of tuition for various colleges at a Research 1 University.

Selected Publications

Anderson, D., G. Power, and D. Menzies. (2009) “The Rain Premium in Cattle Markets.” Selected poster at the Agricultural and Applied Economics Association Annual Meeting, Milwaukee, WI.

315 Menzies, M.D. (2004). Investigating the Growth of the Texas Cattle Feeding Industry and the Possible Need for Additional Slaughter Capacity. Unpublished master’s thesis, Texas A&M University, College Station, TX.

Menzies, M.D. (2004). Investigating the Growth of the Texas Cattle Feeding Industry and the Possible Need for Additional Slaughter Capacity. Factsheet for Texas Cattle Feeders Association.

Menzies, M.D., et. al. (2009). “Integrating the Practice of Writing into the Classroom.” Panelist at the Agricultural and Applied Economics Association Annual Meeting, Milwaukee, WI.

Menzies, M.D. (2010). Fundamentals of Agricultural Economics Analysis: AGEC 217. College Station, TX. Texas A&M University. Department of Agricultural Economics.

Menzies, M.D., and T. Butt. (2006). Fundamentals of Agricultural Economics Analysis: AGEC 217. College Station, TX. Texas A&M University. Department of Agricultural Economics.

316 James W. Mjelde Professor [email protected]

Current Appointment

Professor, Department of Agricultural Economics, Texas A&M University since 1995. Classes taught include AGEC 105 and AGEC 604. Research interests include natural resource use and value and energy economics.

Education

1985 Ph.D. University of Illinois, Agricultural Economics 1982 M.S. Montana State University, Applied Economics 1980 B.S. Montana State University Fish and Wildlife Management

Past Appointments

2005 - Professor, Texas A&M Water Resources Program, Texas A&M University 1996 - 2001 Faculty Associate, Busch School of Govt. and Public Service, Texas A&M 1994 - 1997 Graduate Advisor, Department of Agricultural Economics, Texas A&M 1990 - 1995 Associate Professor, Department of Agricultural Economics, Texas A&M 1985 - 1990 Assistant Professor, Department of Agricultural Economics, Texas A&M

Awards / Other Professional Activities

2011 Association of Former Students Award for Teaching Excellence – College Level 2009 - 2001 Editorial board of Energy Economics 2008 - 2011 Western Agricultural Economics Association, Representative 1994 Fellow to the Cooperative Institute for Mesoscale Meteorological Studies (CIMMS), University of Oklahoma

Selected Other Professional Contributions

Co-advisor to the Department's Academic Bowl Team 1991-1994, 2006-2010. National Champions in 1991, 1992, 2006, 2007, and 2008. Placed 2nd in 2009 and 3rd and 4th in 2010.

Have advised 30 Ph.D. and M.S. students who have graduated, currently advising 5 M.S. / Ph.D. students.

Selected Publications

Mjelde, J.W., Y.H. Jin, C.K. Lee, T.K. Kim, and S.Y. Han. “Development of a Bias Ratio to Examine Factors Influencing Differences in People’s Actions.” Forthcoming Journal of Environmental Management.

317 Griffin, R.C., and J.W. Mjelde. “Distributing Water’s Bounty.” Forthcoming Ecological Economics.

Jin, Y., J.W. Mjelde, and K.K. Litzenberg. “Importance of Job Attributes and Location in Undergraduate Students’ Initial Job Selection.” Forthcoming Education Economics.

Wolfley, J.L., J.W. Mjelde, D.A. Klinefelter, and V. Salin. “Machinery Sharing Contractual Issues and Impacts on Net Returns of Agribusiness Firms.” Journal of Applied and Resource Economics 36(2011): 139-159.

Mjelde, J.W., and D.A. Bessler. “Market Integration among Electricity Markets and their Major Fuel Source Markets.” Energy Economics 31 (2009): 482-491.

Rubas, D., J.W. Mjelde, H.A. Love, and W. Rosenthal. “How Adoption Rates, Timing, and Ceilings affect the Value of ENSO-Based Climate Forecasts.” Climatic Change 86 (2008): 235-256.

Park, H., J.W. Mjelde, and D.A. Bessler. “Price Dynamic Interactions and Discovery among Natural Gas Spot Markets in North American.” Energy Policy 36(2008):290-302.

Park, H., J.W. Mjelde, and D.A. Bessler. “Time Varying Threshold Cointegration and the Law of One Price.” Applied Economics 39(2007): 1091-1105.

Lee, C.K., and J.W. Mjelde. “Valuation of Ecotourism Resources Using a Contingent Valuation Method: The Case of the Korean DMZ.” Ecological Economics 63(2007):511-520.

Park, H., J.W. Mjelde, and D.A. Bessler. “Price Dynamics Among U.S. Electricity Spot Markets.” Energy Economics 28(2006): 81-101.

Hill, H.S.J., J.W. Mjelde, H.A. Love, D.J. Rubas, S.W. Fuller, W. Rosenthal, and G. Hammer. “Implications of Seasonal Climate Forecasts on World Wheat Trade: A Stochastic, Dynamic Analysis.” Canadian Journal of Agricultural Economics 52(2004): 289-312.

Griffin, R.C., and J.W. Mjelde. “Valuing Water Supply Reliability.” American Journal Agricultural Economics 82(2000): 414-426.

Chang, C.C., J.W. Mjelde, and T. Ozuna, Jr. “Political Pressure and Regulatory Control.” Public Choice 97(1998): 687-700.

Mjelde, J.W., W.D. Harris, J.R. Conner, G.D. Schnitkey, M.K. Glover, and L. Garoian. “Existence of Unique Limiting Probability Vectors in Stochastic Processes with Multiple Transition Matrices.” Journal Agricultural and Resource Economics 17(1992): 303-313.

Mjelde, J.W., S.T. Sonka, B.L. Dixon, and P.J. Lamb. “Valuing Forecast Characteristics in a Dynamic Agricultural Production System.” American Journal Agricultural Economics 70 (1988): 674-684.

318 A. Gene Nelson Senior Professor [email protected]

Current Appointment

Senior Professor, Department of Agricultural Economics, Texas A&M University since 1990. Classes taught include AGEC 422, Land Economics, and AGEC 489, Financial Planning for Professionals. Research and outreach interests include risk management, financial planning, taxation, and managerial economics.

Education

1969 Ph.D., Purdue University, Agricultural Economics 1967 M.S., Purdue University, Agricultural Economics 1964 B.S., Western Illinois University, Agricultural Economics

Past Appointments

2011 - now Senior Professor, Department of Agricultural Economics, Texas A&M University 2008 - 2011 Professor, Department of Agricultural Economics, Texas A&M University 2005 - 2008 Executive Associate Dean, College of Agriculture and Life Sciences, Texas A&M University 1990 - 2005 Department Head, Agricultural Economics, Texas A&M University 1999 - 2000 Associate Vice Chancellor, The Texas A&M University System Agriculture Program (half-time to develop strategic plan) 1982 - 1990 Department Head, Agricultural and Resource Economics, Oregon State University 1981 - 1982 Acting Department Head, Agricultural and Resource Economics 1980 - 1981 Assistant Department Head, Agricultural and Resource Economics 1979 - 1980 Professor and Extension Farm Management Specialist 1974 - 1979 Associate Professor and Extension Farm Management Specialist 1969 - 1974 Assistant Professor and Extension Specialist, Department of Agricultural and Resource Economics, Oregon State University

Awards / Other Professional Activities

2004 Distinguished Scholar of the Western Agricultural Economics Association 1996 Vice Chancellor's Award for Excellence in Administration, TAMUS Agriculture Program 1987 Who's Who of Emerging Leaders in America 1985 Who's Who in the West 1979 USDA Superior Service Award for leadership in developing innovative educational methods and materials dealing with risk in farm decision making 1973 Extension Program Development Award for outstanding achievement as a new member of the Oregon State University Extension Service

319 1991 - 1992 President, Western Agricultural Economics Association 2000 - 2004 Chair of Board, Council on Food, Agricultural and Resource Economics (C- FARE) 2004 - 2010 Member, U.S. Department of Agriculture, Advisory Committee on Agriculture Statistics 2006 - 2007 Chair of Panel to Review the Census of Agriculture for the U.S.D.A National Agriculture Statistics Service. The review was coordinated by the C-FARE.

Selected Other Professional Contributions

Supervised 12 theses and dissertations.

Served as PI for the U.S. Department of Agriculture, Cooperative State Research Service project to plan and implement Center for North American Studies, 1994-95

Organized continuing education workshops for Certified Financial PlannersTM held November 4- 5, 2010, and October 27-28, 2011, in Bryan, Texas

Selected Publications

A. Gene Nelson, and K.K. Litzenberg, “Enhancing Learning in the Classroom – One Click @ a Time,” Selected paper presented at the 2011 CAES/WAEA Joint Annual Meeting, June 29-July 1, Banff, Alberta, Canada. http://purl.umn.edu/107374

A. Gene Nelson, “Recent Changes in Federal Tax Laws Affecting Individuals, Businesses, and Estates,” Texas AgriLife Extension Service Report, April 8, 2011. http://agecoext.tamu.edu/resources/library/federal-income-taxes-recent-references.html

McCorkle, D., D. Hanselka, and A.G. Nelson, “A Decade of Change in Texas Agriculture: Highlights and Trends from the Census of Agriculture,” Texas AgriLife Extension Service E-590, October 2009.

Nelson, A.G., D. Anderson, G. Evans, and L. Jones. The Food and Fiber System and Production Agriculture's Contributions to the Texas Economy, Texas Cooperative Extension and Texas Agriculture Experiment Station, Texas A&M University System, College Station, April 2003, 4 pp.

Nelson, A.G. “Partnership Opportunities between Academia and Private Sector: Examples from the Texas A&M University System.” Journal of Food Distribution Research 31,1(2000):68-72.

Nelson, A.G. “The Case for and Components of a Probabilistic Agricultural Outlook Program.” Western Journal of Agricultural Economics. 5,2(1980):185-194.

Castle, E.N., M.H. Becker, and A.G. Nelson. Farm Business Management: The Decision Making Process, 3rd Edition. New York, New York: Macmillan Publishing Co., 1987, 410 pp.

320 Desmond Ng Associate Professor [email protected]

Current Appointment

Assoc. Prof. of Agribusiness and Strategic Management, taught include AGEC 314 (Intro. To Food Marketing), AGEC 440 (Capstone in Agribusiness Management), AGEC 619 (Managerial Economics), AGEC 671 (Foundations of Agribusiness Management), specialization in supply chains, innovation, entrepreneurship, institutions and cognition.

Education

2001 Ph.D., Agricultural Economics, University of Illinois at Urbana Champaign, Agribusiness / Strategic Management 1997 M.S., McGill University, Canada, Strategic Management 1994 B.S., University of British Columbia, Canada, Agribusiness

Past Appointments

2010 - Assoc. Prof. of Agribusiness, Dept. of Ag. Economics, Texas A&M University Present 2004 – 2010 Assistant Prof. of Agribusiness, Dept. of Ag. Economics, Texas A&M University 2000 - 2004 Assistant Prof. of Agribusiness, Dept. of Rural Economics, University of Alberta

Awards / Professional Activities

2008 Best Paper nomination for 2008 8th International Chain Conference, Ede, Netherlands for a paper titled: “Understanding the Market Dynamics of Entrepreneurial Networks”.

2006 Best paper award for the 2006 7th International Chain Conference, Ede, Netherlands for a paper titled: “The Paradox of Embeddedness: Strong and Weak Tie Performance in the Biotechnology Industry”

2005 Outstanding Research Paper Award for the 2005 International Academy of Business Economics Annual Conference, Las Vegas for a paper titled: “Strategic Change through a Competition of Realities”

Selected Other Professional Contributions

2010- 2011 Guest editor for International Food and Agribusiness Management Review on Special Issue of Agribusiness Pluralism

2009-present Editorial Board on the Journal of Complexity and Leadership Management

321

2009 Chair of the WERA-72 on Agribusiness and Competitiveness

Selected Publications

Ng, D. 2011. “Thinking Outside the Box: An Absorptive Capacity Approach to the Product Development Process,” International Food and Agribusiness Management Review, 14 (2): 67-94

Ng, D. 2011. “Absorptive Link: An Absorptive Capacity and Alliance Approach to Biotechnological Product Success,” Journal on Chain and Network Science, 11 (1): 33- 49.

Ng, D., and Siebert, J. 2010. “Toward Better Defining the Field of Agribusiness Management,” International Food and Agribusiness Management Review, 12 (4): 1-20.

Ng, D, R. Westgren, and S. Sonka. 2009. “Competitive Blind Spots in an Institutional Field,” Strategic Management Journal, 30 (4): 349-269. (Lead Article)

Ng, D. 2008. “Understanding the Market Dynamics of Entrepreneurial Networks,” Journal of Chain and Network Science, 8 (2): 93-105.

Ng, D. 2008. “Structural Change in Food Supply Chains,” International Food and Agribusiness Management Review, 11 (2): 17-48.

Ng, D. 2007. “A Modern Resource Based Approach to Unrelated Diversification,” Journal of Management Studies, 44 (8): 1481-1502.

Ng, D., Unterschultz, J., and Laate, E. 2006. “The Performance of Relational Ties: A Functional Approach in the Biotechnology Industry,” Journal on Chain and Network Science, 6 (1): 9-21.

Ng, D. 2005. “Strategic Change through a Competition of Realities,” Journal of International Business Strategy, 1 (1):1-10.

Ng, D. 2005. “Strategic Entrepreneurship: An Austrian Economic Approach to Competitive Strategy,” Journal of International Business Strategy, 1 (1):75-84.

322 John P. Nichols Professor and Head [email protected]

Current Appointment

Professor and Head, Department of Agricultural Economics, Texas A&M University

Education

1968 Ph.D. Agricultural Economics, Cornell University 1965 M.S. Michigan State University 1963 B.S. Cornell University

Past Appointments

2005 – 2006 Professor and Interim Head, Agricultural Economics, Texas A&M University 1981 – 2004 Professor and Associate Head, Agricultural Economics, Texas A&M University 2005 – present Adjunct Professor, Department of Nutrition and Food Science, Texas A&M University 1999 – 2005 Director, Center for Consumer and Food Marketing Issues, Institute of Food Science and Engineering, Texas A&M University 1990 Visiting Professor, Institute de Gestion Internationale Agro-Alimentaire, ESSEC, Cergy, France

Awards / Professional Activities

2004 Fellow of the International Food and Agribusiness Management Association 1998 Vice Chancellor’s Award in Excellence – Team Research 2009 Vice Chancellor’s Award in Excellence - Administration 2003- 2009 Honorary Professor, Diploma of Honor, Gold Medal - Armenian State Agrarian University

Selected Other Professional Contributions

International Center for Agribusiness Research and Education, Chairman of the Foundation Board, Yerevan, Armenia 2006 – present Texas Department of Agriculture, GO TEXAN Partnership Advisory Board, Chair 2006 – Dallas Federal Reserve Bank, Advisory Committee on Agriculture and Small Business 2011- Encyclopedia of Agricultural Sciences, 2e, Elsevier; Editorial Board 2011- International Food and Agribusiness Association, Executive Committee 1996 - University Transportation Center for Mobility, Texas Transportation Institute, Executive Committee 2007 – Agriculture and Applied Economics Association, AEM Section Secretary 2001-2008 NEC – 63 Regional Research Committee on Commodity Promotion, Chair 1995 – 1999

323 Research and Teaching: Career research interests have focused on the role of marketing management techniques (promotion, product development, quality enhancement, distribution, and pricing) in the improvement of food and agribusiness marketing systems. Emphasis has been given to mission-oriented research and the application of research results in the management of marketing activities in businesses and producer organizations. Teaching responsibilities include courses in agribusiness and food marketing and policy. Advised graduate student thesis research.

International Marketing and Agribusiness Education: Led projects in economic transition countries with external funding totaling more than $4 million focusing in curriculum reform and development of educational institutions to assist in transformation of agriculture and food sector.

Selected Publications

Nayga Jr. R. M., W. Aiew, and J. P. Nichols. 2005. “Information Effects on Consumers’ Willingness to Purchase Irradiated Food Products,” Review of Agricultural Economics, 27:37-48.

Aiew, W., R.M. Nayga, Jr., and J.P. Nichols. 2003. “The Promise of Food Irradiation: Will Consumers Accept It?” Choices, Third Quarter, pp. 31- 34.

Armbruster, W.J., and J.P. Nichols. 2001. “Commodity Promotion Policy.” The 2002 Farm Bill: Policy Options and Consequences, Farm Foundation:Chicago, IL. pp. 195- 200.

Kadyrkanova, I., D.A. Bessler, and J.P. Nichols. “On Milk Prices in Kyrgyzstan.” Applied Economics, 32 (2000): 1465-1473.

Armbruster, W.J., J.P. Nichols, and K. Ackerman. 1997. “Public-Private Partnerships for Market Development.” Chapter in Government and the Food Industry: Economic and Political Effects of Conflict and Co-operation. L.T. Wallace, and W. R. Schroder, eds. Kluwer Academic Publishers:Boston, MA. pp. 295-309.

Capps, Jr., O., S. Seo, and J.P. Nichols. 1997. “On the Estimation of Advertising Effects for Branded Products: An Application to Spaghetti Sauces.” Journal of Agricultural and Applied Economics, 29, 2(December): 291-302.

324 Joe L. Outlaw Professor [email protected]

Current Appointment

Professor and Extension Specialist - 100% Extension, Department of Agricultural Economics, Texas A&M University since 2005.

Education

1992 Ph.D. Texas A&M University, Agricultural Economics 1988 M.S. Texas A&M University, Agricultural Economics 1987 B.S. Texas A&M University, Agricultural Economics

Past Appointments

2005 - Professor and Extension Specialist, Texas AgriLife Extension Service 2000 - 2005 Associate Professor and Extension Specialist, Texas Cooperative Extension 1995 - 2000 Assistant Professor and Extension Specialist, Texas Agricultural Extension Service 1996 - 1999 Extension Economist District 9 (Southeast Texas), Texas Agricultural Extension Service 1992 - 1995 Assistant Research Scientist, Agricultural and Food Policy Center, TAES, Texas A&M University 1990 - 1992 Research Associate, Agricultural and Food Policy Center, TAES, Texas A&M University 1990 - 1990 Assistant Lecturer, Department of Agricultural Economics, Texas A&M University 1988 - 1989 Extension Associate, TAEX, Texas A&M University

Awards / Professional Activities

2011 Southern Agricultural Economics Association 2010 The Agricultural and Applied Economics Association 2010 Southern Agricultural Economics Association - Team Award 2009 The Gold Quill Award, The Journal of the American Society of Farm Managers and Rural Appraisers (ASFMRA) 2008 Superior Service Specialist Award, Texas AgriLife Extension Service 2008 Superior Service Team Award, Texas AgriLife Extension Service 2008 Distinguished Achievement Award for Extension, Outreach, Continuing Education, and Professional Development, Association of Former Students University Level Awards 2008 Outstanding Extension Program Award, Western Agricultural Economics Association. Award was for the Financial and Risk Management (FARM) Assistance Unit

325 2007 Superior Service Unit Award, Texas AgriLife Extension Service. Award was for the Financial and Risk Management (FARM) Assistance Unit 2007 President’s Award, American Agricultural Economics Association 2003 Distinguished Extension Program Award, Southern Agricultural Economics Association

Selected Publications

Palma, M.A., J.W. Richardson, B.E. Roberson, L.A. Ribera, J.L. Outlaw, and C. Munster. 2011. “Economic Feasibility of a Mobile Fast Pyrolysis System for Sustainable Bio-crude Oil Production.” International Food and Agribusiness Management Review, Vol. 14, Issue 3.

Richardson, J.W., J.L. Outlaw, and M. Allison. 2010. “The Economics of Micro Algae Oil.” AgBioForum, Vol. 13, No. 2, Article 4: 119-130.

Richardson, J.W., R.J. Fumasi, C. Gilliland, J.L. Outlaw, and C. Miller. 2009. “Impacts of Farm Income and Personal Income on Texas Land Values, 1965-2004.” Journal of the American Society of Farm Managers and Rural Appraisers, Vol. 72, No. 1 (June): 16-24.

Bryant, H. L., J. L. Outlaw, and D. P. Anderson. 2007. “Aggregate Milk Supply Response to the Milk Income Loss Contract Program.” Journal of Agribusiness, 25(Fall):133-146.

Richardson, J. W., B. K. Herbst, J. L. Outlaw, and R. C. Gill, II. 2007. “Including Risk in Economic Feasibility Analyses: The Case of Ethanol in Texas.” Journal of AgriBusiness, 25,2 (Fall): 115-132.

Raulston, J. M., S. L. Klose, J. L. Outlaw, and J. W. Richardson. 2007. “The Impact of Increased Planting Flexibility on Planting Decisions in Texas.” Journal of the American Society of Farm Managers and Rural Appraisers, Vol. 70, No. 1, pp. 85-94.

Raulston, J. M., J. W. Richardson, S. L. Klose, and J. L. Outlaw. 2007. “The Farm Level Impacts of Operating the Current Farm Bill at Reduced Federal Budget Spending Levels.” Western Economics Forum, 6,1(Spring): 42-48.

Raulston, J. M., J. L. Outlaw, and J. W. Richardson. 2007. “Potential Cost of Being Less Trade Distorting on U.S. Crop Farms.” Proceedings of the 16th International Farm Management Association Congress, pp. 93-99.

326 Marco A. Palma Assistant Professor and Extension Economist [email protected]

Current Appointment

Assistant Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University since 2006. Horticulture marketing specialist with extension and applied research interest in consumer preferences of horticultural crops.

Education

2005 Ph.D. University of Florida, Food and Resource Economics 2002 M.S. University of Florida, Food and Resource Economics 2000 B.S. University of Florida, Food and Resource Economics

Past Appointments

2006 - Visiting Faculty, International Center for Advanced Mediterranean Agronomic Studies Awards / Professional Activities

2011 Food Distribution Research Society Board Member 2011-2013 Southern Agricultural Economics Association Executive Board Member 2011 Southern Agricultural Economics Association Distinguished Extension Program 2010 Vice Chancellor’s Award in Excellence for a Research Team

Selected Other Professional Contributions

President of Gamma Sigma Delta, Texas A&M University Chapter.

Chair of Green Industry research Consortium.

Editor, Southern Nursery Association Research Conference

Selected Publications

Hall, C.R., A.W. Hodges, and M.A. Palma. 2011. “Economic Contributions of the Green Industry in the United States.” HortTechnology. Vol. 21. No. 5: 628-638.

Palma, M.A., Richardson, J., Roberson, B., Ribera, L., Outlaw, J., and C. Munster. 2011. “Economic Feasibility of a Mobile Fast Pyrolysis System for Sustainable Bio-crude Oil Production.” International Food and Agribusiness Management Review. Vol 14. No. 3: 1-16.

327 Palma, M.A., C.R. Hall and A. Collart. 2011. “Repeat Buying Behavior for Ornamental Plants: A Consumer Profile.” Journal of Food Distribution Research. Vol. 42. No.2: 67-77.

Hall, C.R., A.W. Hodges, and M.A. Palma. 2011. “Sales, Trade Flows and Marketing Practices within the U.S. Nursery Industry.” Journal of Environmental Horticulture. Vol. 29. No. 1: 14-24.

Palma, M.A., L.A. Ribera, D. Bessler, M. Paggi and R. Knutson. 2010. “Potential Impacts of Food Borne Illness Incidences on Market Movements and Prices of Fresh Produce in the United States.” Journal of Agricultural and Applied Economics. Vol. 42. No. 4: 731-741.

Palma, M.A., F. Wirth, C. Adams, and R. Degner. 2010. “Market Preferences Toward Farm Raised Sturgeon In The Southeastern United States: A Conjoint Analysis.” Aquaculture Economics and Management. Vol. 14. No. 3: 235-253.

Collart, A., M.A. Palma, and C. Hall. 2010. “Brand Awareness and Willingness-to-Pay Associated with the Texas Superstar TM and Earth-Kind TM Programs in Texas.” HortScience. Vol. 45. No. 8: 1226-1231.

Jeffers, A.H., W.E. Klingeman, C.R. Hall, M.A. Palma, D.S. Buckley, and D. Kopsell. 2010. “Estimated Nursery Liner Production Costs for Woody Ornamental Plant Stock.” HortTechnology. Vol. 20. No. 4: 804-811.

Palma, M.A., L. Ribera, M. Paggi, and R. Knutson. 2010. “Food Safety Standards for the U.S. Fresh Produce Industry.” Policy Issues. Vol. 8: 1-6.

Palma, M.A. and R.W. Ward. 2010. “Measuring Demand Factors Influencing Market Penetration and Buying Frequency for Flowers.” International Food and Agribusiness Management Review. Vol. 13. No. 1: 65-81.

Palma, M.A., Y. Chen, C. Hall, D. Bessler, and D. Leatham. 2010. "Consumer Preferences for Potted Orchids in the Hawaiian Market.” HortTechnology. Vol. 20. No. 1: 239-244.

Moore, E.D., G.W. Williams, M.A. Palma, and L. Lombardini. 2009. “Evaluating the Impact of the Texas Pecan Checkoff Program.” HortScience. Vol. 44. No. 7: 1914-1920.

Jeffers, A., Palma, M.A., Klingeman, W., Hall, C.R., Buckley, D., and D. Kopsell. 2009. “Assessments of Bare-root Liner Quality and Purchasing Decisions Made by Green Industry Professionals.” HortScience. Vol. 44. No. 3: 717-724.

Williams, G.W., O. Capps, and M.A. Palma. 2008. “Effectiveness of Marketing Promotion Programs: The Case of Texas Citrus.” HortScience. Vol. 43. No.2: 385-392.

Wirth, F.F., L. Love, and M.A. Palma. 2007. “Purchasing Shrimp for at Home Consumption: The Relative Importance of Credence versus Physical Product Features.” Aquaculture Economics and Management. Vol. 11. No.1: 17-37.

328 John L. Park Professor [email protected]

Current Appointment

Dr. Park is Professor and Extension Specialist, and Roy B. Davis Professor of Agricultural Cooperation. He is an Extension professional whose experience in agribusiness marketing and management is used to support the needs of the modern agricultural cooperative.

Education

1996 Ph.D. Texas A&M University, Agricultural Economics 1992 M.S. Utah State University, Agricultural Economics 1991 B.S. Brigham Young University, Agricultural Economics

Past Appointments

2008 - Professor and Extension Specialist, Department of Agricultural Economics, Texas AgriLife Extension Service, Texas A&M University 2003 - 2008 Associate Professor and Extension Specialist, Department of Agricultural Economics, Texas AgriLife Extension Service, Texas A&M University 2000 - 2003 Visiting Assistant Professor, Department of Agricultural Economics, Texas A&M University 1996 - 2000 Research Associate III, Applied Economics and Management, Cornell University

Awards / Professional Activities

2011 - 2012 Past President, Food Distribution Research Society 2010 Association of Former Students Distinguished Achievement Award – College Level Teaching 2010 Epsilon Sigma Phi Alpha Zeta Chapter, Early Career Award 2010 Western Agricultural Economics Association, Undergraduate Teaching Award (Less than 10 Years) 2010 - 2011 President, Food Distribution Research Society 2009 - 2010 Co-Chair, National Leadership Team, eXtension Cooperatives Community of Practice 2006 - 2009 Secretary-Treasurer, Food Distribution Research Society 2006 - Editorial Board, Journal of Food Distribution Research 2005 - 2006 Director, Food Distribution Research Society 2003 - Director, Texas Agricultural Cooperative Council 2002 Agricultural Economics Agribusiness Association (student club), Department of Agricultural Economics, Texas A&M University, Outstanding Faculty Award 2001 Patrick J. Byrne Award for Emerging Leadership, Food Distribution Research Society 1998 - 2002 Vice-President (Membership), Food Distribution Research Society

329 1998 Presidential Award for Excellence in Research and Communication, Food Distribution Research Society

Selected Other Professional Contributions

Co-advisor to department chapter of the National Agri-Marketing Association, 2001 - 2003, including coaching the Marketing Plan Competitive Team.

Have advised as chair/co-chair for 1 PhD, 2 MS, 2 MS non-thesis students, and served on committees of various others. Of these, the Applebaum Award, MS Non-Thesis Category was presented to Jonathan Baros, 2009, by the Food Distribution Research Society in recognition of excellence in graduate work.

Selected Publications

Campbell, B.L., R.M. Nayga, Jr., J.L. Park, and A. Silva. “Do the National School Lunch and School Breakfast Programs Improve Children’s Dietary Quality?” American Journal of Agricultural Economics 93(4):1099-1130.

Silva, A., R.M. Nayga, Jr., B.L. Campbell, and J.L. Park. “Revisiting Cheap Talk with New Evidence from a Field Experiment.” Journal of Agricultural and resource Economics 36(2):280-291.

J. Siebert and J.L. Park. 2010. “Maintaining a Healthy Equity Structure: A Policy Change at Producers Cooperative Association.” International Food and Agribusiness Management Review, 13(3):87-96.

Park, J.L., and J. Siebert. 2010. “Restructuring Cooperative Leadership: The Case of Pedernales Electric Cooperative.” Journal of Cooperatives, 24:63-79.

Siebert, J., J.L. Park, and A.D. Hagerman. 2008. “Virtual Investment Concepts and the Ethanol Industry.” International Food and Agribusiness Management Review, 11(4):1-13.

Kenkel, P., and J.L. Park. 2007. “Business Models and Producer-Owned Ventures: Choices, Challenges, and Changes.” Journal of Agriculture and Applied Economics, 39(August):381-387.

Park, J.L. 2001. “Supermarket Product Selection Uncovered: Manufacturer Promotions and the Channel Intermediary.” International Food and Agribusiness Management Review, 4:119-131.

Park, J.L. 1998. “The Proposition of Fresh Prepared Foods: Retail Practices and System-Wide Implications.” Review of Agricultural Economics 20(Fall/Winter):433-445.

Park, J.L., and O. Capps, Jr. 1997. “Demand for Prepared Meals by US Households.” American Journal of Agricultural Economics, 79(August):814-824

330 John B. Penson, Jr. Regents Professor and Stiles Professor [email protected]

Current Appointment

Regents Professor and Stiles Professor of Agriculture, Department of Agricultural Economics, Texas A&M University since 1975. Classes taught include AGEC 105, AGEC 330, AGEC 430 and AGEC 434/634. Research interests include macroeconomics of agriculture and credit market analysis.

Education

1973 Ph.D. University of Illinois, Agricultural Economics 1967 M.S. Southern Illinois University, Agribusiness Economics 1964 B.S. Southern Illinois University, Agribusiness Economics

Past Appointments

1988 - Regents Professor, Department of Agricultural Economics, TAMU 1983 - 1988 Professor, Department of Agricultural Economics, TAMU 1982 Associate Professor, Department of Agricultural Economics, TAMU 1980 - 1981 Visiting Scholar, Research department, Federal Reserve Bank of Kansas City 1978 - 1979 Professor, Department of Agricultural Economics, TAMU 1975 - 1978 Associate Professor, Department of Agricultural Economics, TAMU 1974 - 1975 Agricultural Economist, ERS, USDA and adjunct Asst. Professor, Purdue Univ. 1973 - 1974 Agricultural Economist, ERS, USDA, Washington, DC 1969 - 1973 Agricultural Economist, ERS, USDA, Urbana, Illinois 1967 - 1969 Agricultural Economist, ERS, USDA, Washington, DC

Selected Awards / Professional Activities

2011 Association of Former Students Award for Teaching Excellence – University Level 2009 Association of Former Students Award for Teaching Excellence – College Level 2007 Lifetime Achievement Award, Southern Agricultural Economics Association 2007 - 2009 Co-editor, Choices, American Agricultural Economics Association 2004 - 2007 Editor, Journal of Agricultural and Applied Economics 2000 Regents Professor Award, Board of Regents, TAMU 1997 Distinguished Policy Contribution Award, American Ag. Economics Assoc 1993 Honors Professor Award, COALS Student Council, TAMU 1992 Association of Former Students Award for Teaching Excellence – University Level 1988 Stiles Endowed Professor, Department of Agricultural Economics, TAMU 1986 Outstanding Alumnus Award, Southern Illinois University 1985 Distinguished Undergraduate Teaching Award, American Ag Economics Assoc.

331 1984 Outstanding Undergraduate Teaching Award, Western Ag. Economics Assoc. 1984 Association of Former Students Award for Research – University Level 1974 Outstanding Doctoral Dissertation Award, American Ag. Economics Assoc.

Selected Other Professional Contributions

Annual presentations on the macroeconomic outlook and implications for agriculture presented to various audiences, including the Farm Credit Administration, the Council of Chief Credit Officers of the Farm Credit System, the President’s Planning Committee of the farm Credit System and the California Agribusiness Management Conference.

Served as chairman of 26 theses and dissertations at Texas A&M University. Two students received the Former Student Association Award for Distinguished Graduate Program. One dissertation was honored by the American Agricultural Economics Association Awards Program.

Past Chair, Outstanding Doctoral Dissertation Awards Committee, American Agricultural Economics Association. Also served as member of the Outstanding Policy Contribution Award Committee and the Quality of Communications Award Committee, American Agricultural Economics Association.

Taught courses in financial management and managerial accounting for the past 15 years at the Universidad De Valle Guatemala in Guatemala City under joint program with Texas A&M University. Taught similar courses in Ecuador and Nicaragua.

Served as Visiting Professor, Foreign Distinguished Professor Program, Korea University, Seoul, South Korea, Fall 2007. Taught course in macroeconomics of agriculture and gave two campus wide seminars. Taught a course in business finance at Korea University the last four years through distance learning facilities at Korea University.

Served as head of a multi-disciplinary project evaluation team for the Egyptian Development Bank and USAID in Cairo Egypt and participated in similar development projects in other foreign countries.

Served as an expert advisor to the Foreign Agricultural Service, USDA on a US State Department funded project the past two years with additional participation scheduled through 2013. Project involves with working the CEO and board of directors of a lending cooperative in the country of Armenia patterned after the U.S. Farm Credit System.

Selected Publications

Penson, John B. Jr., Oral Capps Jr., C. Parr Rosson III and Richard T. Woodward. 2010. Introduction to Agricultural Economics, 5th Edition, Prentice Hall - Pearson Publishing Company:Upper Saddle River, NJ. Penson, John B., Jr. 2010. “Development of Future Faculty Teaching Skills”, Communications in Agricultural and Applied Biological Sciences, Volume 75(1), pp. 67-72, Ghent Belgium.

332 Luis A. Ribera Associate Professor & Extension Economist [email protected]

Current Appointment

Associate Professor & Extension Economist, Texas AgriLife Extension Service since 2005. Research interest include risk analysis, production economics, biofuels and international trade

Education

2005 Ph.D. Texas A&M University, Agriculture Economics. 2000 M.S. University of Arkansas, Agriculture Economics. 1998 B.S. University of Arkansas, Agriculture Economics.

Past Appointments

2011 - Associate Professor, Department of Agricultural Economics, Texas A&M 2005 - 2011 Assistant Professor, Department of Agricultural Economics, Texas A&M

Awards / Professional Activities

2010 - Sustainable Agronomic Education Association Planning Committee 2009 - Southern Outlook Conference Planning Committee 2009 - 2012 Southern Agricultural Economics Association – Distinguished Extension Program Award Committee 2008 Texas Environmental Excellence Award, Texas Commission on Environmental Quality (Team) 2007 Outstanding Integrated Activities for Water Resources, USDA (Team)

Selected Other Professional Contributions

Teach two classes in Guatemala through a cooperative agreement between the Department of Agricultural Economics at Texas A&M University and Universidad del Valle.

Selected Publications

Ribera, L.A., and R.D. Knutson. “The FDA’s Food Safety Modernization Act and Its Economic Implications.” Choices Magazine. Forthcoming.

Palma, M., J. Richardson, B. Roberson, L.A. Ribera, J. Outlaw, and C. Munster. 2011. “Economic Feasibility of a Mobile Fast Pyrolysis System for Sustainable Bio-crude Oil Production.” International Food & Agribusiness Management Review. 14, 3 (September): 1-16.

333 Palma, M., L.A. Ribera, M. Paggi, and R. Knutson. 2010. “Standards and Public Policy Alternatives for the Fresh Produce Industry in the U.S.” Policy Issues. 8 (May) [On- line]. Available: http://www.aaea.org/publications/policy-issues/PI8.pdf

Palma, M.A., L.A. Ribera, D. Bessler, M. Paggi, and R. Knutson. 2010. “New Generation of Standards and Potential Impacts of Food Borne Illness Incidences on Market Movements and Prices of Fresh Produce in the United States.” Journal of Agricultural and Applied Economics. 42, 4 (November): 731-741.

Ribera, L.A., B.A. McCarl, and J. Zenteno. 2009. “Carbon Sequestration: a Potential Source of Income for Farmers.” Journal of the American Society of Farm Management and Rural Appraisers. 72, 1 (June): 70-77.

Ribera, L.A., and M. Cattaneo. 2008. “Economics of Cotton Variety Selection for Cotton Cultivars in the Lower Rio Grande Valley, Texas.” Journal of Extension. 46, 5 (October) [On-line]. Available: http://www.joe.org/joe/2008october/rb3.shtml.

Rodriguez, Hector G., Jennie S. Popp, Luis A. Ribera, Indrajeet Chaubey, and Brian Shaffer. “Implementation of Best Management Practices Under Cost Risk to Control Phosphorus Pollution in a Crop Based Watershed in Arkansas.” Journal of Environmental Monitoring and Restoration. 3 (2007):195-207.

Outlaw, Joe L., Luis A. Ribera, James W. Richardson, Jorge Da Silva, Henry Bryant, and Steven Klose. 2007. “Economics of Sugar-Based Ethanol Production and Related Policy Issues.” Journal of Agricultural and Applied Economics. 39, 2 (August 2007): 357-363.

Ribera, L.A., F.M. Hons, and J.W. Richardson. 2004. “An Economic Comparison Between Conventional and No-Tillage Farming Systems in Burleson County, Texas.” Agronomy Journal. 96:415-424.

Palma, M., L.A. Ribera, R. Knutson, and M. Paggi. 2010. “Economics of Food Safety in the Produce Industry.” In Texas GAPs and GHPs Food Safety Training Curriculum. Texas AgriLife Extension Service, Texas A&M University System, College Station, Texas, November, Report B-6244.

Outlaw, J.L., H. Burnquist, and L.A. Ribera. 2008. “Bioenergy – Agricultural Issues and Outlook.” In Fourth Annual North America Agrifood Market Integration Workshop: Contemporary Drivers of Integration, Friesens, Manitoba, Canada: Texas A&M University, University of Guelph, Instituto Interamericano de Cooperación para la Agricultura – México, pgs. 25-49.

Outlaw, J.L., L.A. Ribera, H.L. Bryant, and J.W. Richardson. 2007. “U.S. Biofuels: Interaction and Outlook for Agriculture.” In: R.D. Knutson, S.D. Knutson, D.P. Ernstes (eds.), Perspectives on 21st Century Agriculture, A Tribute to Walter J. Armbruster, Farm Foundation:Oak Brook, IL. pp. 137-149.

334 James W. Richardson Regents Professor and Texas AgriLife Research Senior Faculty Fellow [email protected]

Current Appointment

Regents Professor and Texas AgriLife Research Senior Faculty Fellow, Department of Agricultural Economics, Texas A&M University since 2005. Classes taught include AGEC 622 and AGEC 643.

Education

1978 Ph.D. Oklahoma State University, Agricultural Economics 1973 M.S. Oklahoma State University, Agricultural Economics 1971 B.S. New Mexico State University, Agricultural Economics

Past Appointments

2005 - Co-Director Agricultural and Food Policy Center, Regents Professor and Texas AgriLife Research Senior Faculty Fellow, Texas A&M University 2003 - 2005 Co-Director Agricultural and Food Policy Center, Regents Professor and Texas AgriLife Research Faculty Fellow, Texas A&M University 1986 - 2002 Professor Department Agricultural Economics Texas A&M University 1982 - 1986 Associate Professor Department Agricultural Economics Texas A&M University 1978 - 1982 Assistant Professor Department Agricultural Economics Texas A&M University

Awards / Professional Activities

2011 Southern Agricultural Economics Association Outstanding Masters Thesis Award -- Marc Allison -- Chairman 2011 Agricultural and Applied Economics Association Outstanding Masters Thesis Award -- Honorable Mention -- Marc Allison - Chairman 2009 The Journal of the American Society of Farm Managers and Rural Appraisers (ASFMRA). The Gold Quill Award presented to the author(s) of the most outstanding Journal article published in a particular Volume year. 2009 The Association of Former Students of Texas A&M University Distinguished Achievement Awards for Graduate Mentoring. 2009 Texas AgriLife Extension Superior Service Team Award 2008 Western Agricultural Economics Association (WAEA) Distinguished Scholar 2008 Southern Agricultural Economics Association (SAEA) Lifetime Achievement 2007 Vice Chancellor’s Award in Excellence Program -- Graduate Teaching 2005 Texas Agricultural Experiment Station Senior Faculty Fellows Award 2005 American Agricultural Economics Association Distinguished Teaching – Graduate Teaching More Than Ten Years Experience 2003 American Agricultural Economics Association Distinguished Extension Program

335 Selected Publications

Lien, G., J.B. Hardaker, M.A.P.M. van Asseldonk, and J.W. Richardson. 2011. “Risk Programming Analysis with Imperfect Information.” Annals of Operations Research, 190: 311-323.

Richardson, J.W., J.L. Outlaw, and M. Allison. 2010. “The Economics of Micro Algae Oil.” AgBioForum, Vol. 13, No. 2, Article 4: 119-130.

Campichie, J.L., H.L. Bryant, and J.W. Richardson. 2010. “Long-run Effects of Falling Cellulosic Ethanol Production Costs on the US Agricultural Economy.” Environmental Research Letters, 5 , 014018, 8pgs.

Meyer, J., J.W. Richardson, and K.D. Schumann. 2009. “Stochastic Efficiency Analysis with Risk Aversion Bounds: A Correction.” The Australian Journal of Agricultural and Resource Economics, 53, pp. 521-525.

Dicks, M.R., J. Campiche, D. De La Torre Ugarte, C. Hellwinckel, H.L. Bryant, and J.W. Richardson. 2009. “Land Use Implications of Expanding Biofuel Demand.” Journal of Agricultural and Applied Economics, 41,2 (August): 1-19.

Outlaw, J.L., L.A. Ribera, J.W. Richardson, J. da Silva, H.L. Bryant, and S. Klose. 2007. “Economics of Sugar-Based Ethanol Production and Related Policy Issues.” Journal of Agricultural and Applied Economics, 39, pp. 357-363.

Richardson, J.W., W.J. Lemmer, and J.L. Outlaw. 2007. “Bio-Ethanol Production from Wheat in the Winter Rainfall Region of South Africa: A Quantitative Risk Analysis.” International Food and Agribusiness Management Review. Volume 10, Issue 2, pp. 181- 204.

Richardson, J.W., and J.L. Outlaw. 2007. “Training Commercial Farmers How to Analyze and Rank Risky Alternatives.” Proceedings of the 16th International Farm Management Association Congress. pp. 300-316.

Richardson, J.W., B. K. Herbst, J. L. Outlaw, and R. C. Gill, II. 2007. “Including Risk in Economic Feasibility Analyses: The Case of Ethanol in Texas.” Journal of AgriBusiness, 25,2 (Fall): 115-132.

336 M. Edward Rister Professor [email protected]

Current Appointment

Professor (since 1991), Research (36%) and Teaching (64%), Tenure Track; and Associate Head (2006-present). AGEC 424, “Rural Entrepreneurship I,” and AGEC 425, “Rural Entrepreneurship II” Entrepreneurial Economics, Water and Energy Economics.

Education

1981 Ph.D., Michigan State University, Agricultural Economics 1976 M.S., Texas A&M University, Agricultural Economics 1974 B.S., Texas A&M University, Agricultural Economics

Past Appointments

2002 - 2006 Associate Head for Undergraduate Program, Agricultural Economics, Texas A&M University 1986-1991 Associate Professor, Agricultural Economics, Texas A&M University 1981-1986 Assistant Professor, Agricultural Economics, Texas A&M University 1977-1981 Graduate Assistant, Agricultural Economics, Michigan State University 1976-1977 Research Associate, Agricultural Economics, Texas A&M University 1976-1976 Lecturer, Agricultural Economics, Texas A&M University

Awards / Professional Activities

2011 WAEA Outstanding Undergraduate Teaching Award with more than 10 years experience. Western Agricultural Economics Association 2011 Distinguished Individual Student Relations Award, Texas A&M University. Texas A&M University Association of Former Students University-Level Awards 2011 U.S. Department of Agriculture–Agricultural Research Service (USDA-ARS), 2011. Certificate of Appreciation, for outstanding contributions towards biological control of Arundo donax, giant reed in the Rio Grande Basin. Certificates awarded to all 20+ team members of multi-disciplinary research team

Selected Other Professional Contributions

47 Refereed Journal Articles 2 Book Chapters 79 Government & Experiment Station Bulletins 125 Published Abstracts 6 Published Proceedings 17 Invited Presentations Not Published 14 Contributed/Submitted Presentations Not Publ. 39 Poster Presentations

337 2 Briefing Papers 62 Dept., Popular, and Other Articles 27 Microcomputer Software 138 Local Research Presentations 29 Confidential Grant Reports 89 Educational and Research Programs 17 International Presentations

Selected Publications

N.R. Falkenberg, T.J. Cogdill, M.E. Rister, and J.M. Chandler. 2011. “Economic Evaluation of Common Sunflower (Helianthus annuus) Competition in Field Corn (Zea mays L.).” Weed Technology. (forthcoming).

M.E. Rister, R.D. Lacewell, A. W. Sturdivant, and A.M. Michelsen. 2011. “Water Scarcity – Future Uses and Implications for Policy – Challenges and Opportunities for the Rio Grande.” Journal of Agricultural and Applied Economics, 43,3(July 2011):367-78.

A.J. Leidner, M.E. Rister, R.D. Lacewell, and A.W. Sturdivant. 2011. “The Water Market for the Middle and Lower Portions of the Texas Rio Grande Basin.” Journal of the American Water Resources Association, (2011):1-14.

T. Lee, M.E. Rister, B. Narashimhan, R. Srinivasan, D. Andrews, and M.R. Ernst. 2010. “Evaluation and Spatially Distributed Analyses of Proposed Cost-Effective BMPs for Reducing Phosphorous Level in Cedar Creek Reservoir, Texas.” Transaction of ASABE, 53(5):1619-27.

E.K. Seawright, M.E. Rister, R.D. Lacewell, D.A. McCorkle, A.W. Sturdivant, C. Yang, and J.A. Goolsby. 2009. “Economic Implications for the Biological Control of Arundo donax: Rio Grande Basin.” Southwestern Entomologist, Vol. 34, No. 4, pp. 377-94 (December).

A.W. Sturdivant, C.S. Rogers, M.E. Rister, R.D. Lacewell, J.W. Norris, J. Leal, J.A. Garza, and J. Adams. 2007. “Economic Costs of Desalination in South Texas: A Case Study.” Journal of Contemporary Water Research and Education, 137(September):21-39.

338 John R.C. Robinson Professor and Extension Economist-Cotton Marketing [email protected]

Current Appointment

Professor and Extension Economist-Cotton Marketing (100% Extension) since 2005. Professional emphasis is in cotton economics, risk management, and policy issues, which includes developing and delivering Extension education materials and programs focused on cotton risk management, including market outlook, marketing strategies, public policy education, and applied research issues.

Education

1993 Ph.D., Texas A&M University, Agricultural Economics 1986 M.S., Texas A&M University, Entomology 1983 B.S., Texas A&M University, Entomology (Science Option)

Past Appointments

1999 - 2004 Associate Professor and Extension Economist-Management, Department of Agricultural Economics, Texas A&M Research and Extension Center at Weslaco 1995 - 1999 Extension Economist/Assistant Specialist and Assistant Professor, Department of Agricultural Economics, Mississippi State University 1992 - 1994 Extension Associate and Assistant Research Scientist, Department of Agricultural Economics, Texas A&M Research and Extension Center at Weslaco

Awards / Professional Activities

2007 - Departmental Extension Awards Subcommittee (Chair since September 2010) 2006 - Reviewer of cotton farm program baseline for Congressional Budget Office 2006 - Departmental Extension Advisory Committee 2003 - Associate Editor, Economics Section, of Journal of Cotton Science

Selected Other Professional Contributions

Appointment as a member of the Graduate Faculty in August 2008. Have supervised and coordinated cotton projects with two MABM and two Ph.D. students; have served on the committee of four M.S. students (two as Chair) who have since graduated. Am currently on the Master’s committee for one M.S. and also supervising one MABM who is working on a cotton project concerning 254 counties in Texas.

Manuscript reviewer of Journal of Agricultural and Applied Economics since 2004. American Agricultural Economics Association Selected Paper and Poster Reviewer since 1999.

339 Selected Publications

Barham, E.H.B., J.R.C. Robinson, J.W. Richardson, and M.E. Rister. 2011. “Mitigating Cotton Revenue Risk Through Irrigation, Insurance, and Hedging.” Journal of Agricultural and Applied Economics, 43,4(November):1–12 McCorkle, D.A., J.R.C. Robinson, D. Hanselka, S.L. Klose, T.W. Fuchs, and C.T. Allen. 2010. “The Economic Impact of Boll Weevil Eradication in Texas.” The Texas Journal of Agriculture and Natural Resource 23:50-63. Available online at http://www.tarleton. edu/Departments/txjanr/Volumes/ Vol%2023%20-%202010/V23%20%2850- 63%29%202010-01.pdf . Accessed March 14, 2011. Robinson, J.R.C., A.M. Michelsen, and N.R. Gollehon. 2010. “Mitigating Water Shortages in a Multiple Risk Environment. Water Policy 12(1):114–128. Robinson, J.R. C. 2010. “Least Cost Modeling.” Pp. 72-88 IN Technical Memorandum #2: Cotton Flow Study. Wilbur Smith Associates. Report prepared for National Cotton Council. Power, G. J., and J. R. C. Robinson. 2009. “Cotton Futures Dynamics: Structural Change, Index Traders and the Returns to Storage.” Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting, and Market Risk Management. St. Louis, MO. Available online at http://www.farmdoc.uiuc.edu/nccc134 . Accessed March 15, 2011. Showler, A.T., and J. R. C. Robinson. 2008. “Cotton Harvest at 40% Versus 75% Boll-Splitting on Yield and Economic Return under Standard and Proactive Boll Weevil (Coleoptera: Curculionidae) Spray Regimes.” Vol. 101, No. 5. Journal of Economic Entomology. pp. 1600-1605. Fuller, S.W., J.L. Park, and J.R.C. Robinson. 2007. “Cotton Transportation and Logistics: A Dynamic System.” 2007 Proceedings of the Transportation Research Forum. http://www.trforum.org/forum/viewabstract.php?id=233 Accessed March 20, 2008. Showler, A.T., and J.R.C. Robinson. 2005. “Proactive spraying Against Boll Weevils (Coleoptera: Curculionidae) Reduces Insecticide Applications and Increases Cotton Yield and Economic Return.” Vol. 98, No. 6. Journal of Economic Entomology. pp. 1977- 1983. Martin, S.W., J.R.C. Robinson, F.T. Cooke, Jr., and D.W. Parvin. 2005. “Managing Tillage, Crop Rotations, and Environmental Concerns in a Whole Farm Environment.” Crop Management. http://www.plantmanagementnetwork.org/sub/cm/review/2005/whole/ (accessed March 22, 2006). Rister, M. E., R.D. Lacewell, A.W. Sturdivant, J.R. C. Robinson, M.C. Popp, J.R. Ellis. 2004. “Economic and Conservation Evaluation of Capital Renovation Projects: Maverick County Water Control and Improvement District No. 1 (Eagle Pass) B Lining Main Canal.” Texas Water Resources Institute Technical Report TR-264.

340 C. Parr Rosson, III Professor and Extension Economics [email protected]

Current Appointment

Professor and Extension Economist, and Director, Center for North American Studies, Department of Agricultural Economics. Extension responsibilities include international trade and international marketing. Classes taught are AGEC 452 and AGEC 453. Research interests include trade, trade policy, marketing and transportation.

Education

1982 Ph.D. (Agricultural Economics), Texas A&M University 1978 M.S. (Agricultural Economics), Texas A&M University 1971 B.S. (Agronomy), Texas A&M University

Past Appointments

1997 Director, Center for North American Studies, Department of Agricultural Economics, Texas A&M University System 1993 Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University System 1989 – 1993 Associate Professor and Extension Economist, Department of Agricultural Economics, Texas A&M University System 1988 – 1989 Acting Director, International Programs, Division of Agricultural and National Resources, Clemson University 1982 – 1989 Assistant/Associate Professor and Extension Economist, Department of Agricultural Economics and Rural Sociology, Clemson University

Awards / Professional Activities

2010 Lifetime Achievement Award, Southern Agricultural Economics Association 2008 Vice Chancellor’s Award in Excellence, Member, Team Research, Texas A&M AgriLife, Texas A&M University System 2002 - Agricultural Trade Advisory Committee Member, Grains, Feed, Oilseeds and Planting Seeds, appointed by U.S. Trade Representative and U.S. Secretary of Agriculture 2007 Honors Professor Award, College of Agriculture and Life Sciences, Texas A&M University 2000 Masters of Agribusiness Program Award, Special Recognition, University of the Valley of Guatemala, Guatemala City 1997 Distinguished Achievement Award-Extension, the Association of Former Students, Texas A&M University, Texas A&M University System 1996 Vice Chancellor’s Award in Excellence, Extension Education, The Agriculture Program, Texas A&M University System

341 1996 V.F. and Gertrude Neuhaus Teaching Scholars Award, Texas A&M University, College of Agriculture and Life Sciences 1995 Distinguished Professional Contribution-Extension Programs, Southern Agricultural Economics Association, Global Entrepreneurship Management Support Project 1991 – 1994 Special Recognition Award, Texas Agricultural Extension Service, for Outstanding Service in leadership of International Marketing Initiative 1993 Award for Superior Service, Texas Agricultural Extension Service, Texas A&M University System 1992 Deputy Chancellor's Award in Excellence-Team Research, Texas Agricultural Experiment Station, Texas A&M University System 1986 Provost Research Award, Clemson University

Selected Publications

Susanto, D., C.P. Rosson, F.J. Adcock, and D.P. Anderson. 2010. “Impacts of Hired Foreign Labor on Milk Production and Herd Size in the United States.” Journal of the ASFMRA, pp. 63-73

Susanto, D., C.P. Rosson, D.P. Anderson and F.J. Adcock. 2010. “Immigration Policy, Foreign Agricultural Labor and Exit Intentions in the United States Dairy Industry,” Journal of Dairy Science, 93:1774-1781, doi:10.3168/jds.2009-2733, American Dairy Science Association.

Rosson, III, C.P. 2009. “Discussion: Exchange Rates, Energy Policy and Outcomes in Agricultural Markets,” Journal of Agricultural and Applied Economics, 41,2 (): 529-530, Southern Agricultural Economics Association.

Wailes, E., and C.P. Rosson, III. 2008. “The WTO and U.S. Domestic Support in the Food, Conservation, and Energy Act of 2008.” Choices, Commodity Programs and Beyond in the 2008 Farm Bill, (3rd Quarter), 23 (3).

Susanto, D., C.P. Rosson, III, and F.J. Adcock. 2008. “Market Integration and Convergence to the Law of One Price in the North American Onion Markets.” Agribusiness: An International Journal, Vol. 24, No. 2. Wiley InterScience:Hoboken, NJ.

Susanto, D., C.P. Rosson, and D. Hudson. 2008. “Impacts of Expanded Ethanol Production on Southern Agriculture.” Journal of Agricultural and Applied Economics, 40,2: 581-592. Southern Agricultural Economics Association, Invited Paper.

342 Victoria S. Salin, Ph.D. Associate Professor [email protected]

Current Appointment

Dr. Salin is an Associate Professor of Agricultural Economics and Chief Financial Officer, Agribusiness, Food, and Consumer Economics Research Center (AFCERC). Member of the Intercollegiate Faculty of Agribusiness. Classes taught include AGEC 431, AGEC 603, AGEC 619, and AGEC 630.

Education

1996 Ph.D. Purdue University 1984 M.A. University of Virginia 1982 B.A. Miami University

Past Appointments

1993-2003 Assistant Professor, Department of Agricultural Economics, Texas A&M University, College Station, TX.

Awards / Professional Activities

2008-present Member, Scientific Advisory Council of the World Food Logistics Organization, a confederation of industry associations in food logistics, with 1,233 member companies in 65 countries 2009-2011 Leadership in the Association of Agricultural and Applied Economics, Food Safety and Nutrition Section, currently serving as Chair of the Executive Board. 2000-present Director, Texas Agricultural Finance Authority, Texas Department of Agriculture, (volunteer position by Governor’s appointment) Austin, TX 2005-2009 Consultant, The Almond Board of California, on economics of the pathogen control program

Selected Other Professional Contributions

Serves on University Committee for Writing across the Curriculum

Current Projects Value of Time and Temperature History RFID Technology to Leverage Return on Traceability Investments, funded by U.S. Department of Agriculture, 2011-2012.

Business Incentives for Food Safety: Theory and Empirical Evidence, Cooperative Agreement with Economic Research Service, 2010-2011

343 Selected Publications Peer-reviewed journals Wolfley, J., J. Mjelde, V. Salin, and D. Klinefelter. 2011. “Machinery Sharing Contractual Issues and Impacts on Net Returns of Agribusiness Firms,” Journal of Agriculture and Resource Economics, 36(1), pp. 139-159, April. Chang, M. S., V. Salin, and Y. Jin. 2011. “Diversification Effect of Real Estate Investment Trusts: Comparing Copula Functions with Nonparametric Methods,” Journal of Property Research, 28 (3), pp. 189-212, September. Salin, V., S. Dharmasena, A.Wong, and P. Luo. 2006. “Food Product Recalls in the USA,” Journal of Food Distribution Research, 38(1) March, pp. 150-153. Teratanavat, R., V. Salin, and N.H. Hooker. 2005. “Recall Event Timing: Measures of Managerial Performance in U.S. Meat and Poultry Plants,” Agribusiness, An International Jnl, 21(3), pp. 351-373. Hooker, N.H., R. Teratanavat, and V. Salin. 2005. “Crisis Management Effectiveness Indicators for U.S. Meat and Poultry Recalls,” Food Policy, 30 (1), pp. 63-80. Salin, V. and R.M. Nayga. 2003. “A Cold Chain Network for Food Exports to Developing Countries,” International Journal of Physical Distribution and Logistics Management, 33(10) 2003, pp. 918-931. Fuller, S., L. Fellin, and V. Salin. "Effect of Liberalized U.S.-Mexico Rice Trade: A Spatial, Multi-Product Equilibrium Analysis," Agribusiness: An International Jnl. 19(1) Winter 2003, pp. 1-17. Wang, Z., V. Salin, N.H. Hooker, and D. Leatham. "Stock Market Reaction to Food Recalls: A GARCH Application," Applied Economics Letters, 9(15) 2002, pp. 979-987. Krueger, A.M., V. Salin, and A.W. Gray. 2002. "Geographic Diversification Strategy and the Implications of Global Market Integration in Table Grapes," Agribusiness: An International Journal, 18(1), pp. 81-99. Salin, V., and N.H. Hooker. 2001. "Stock Market Reaction to Food Recalls," Rev. of Agricultural Econ., 23:1, Spring/Summer, pp. 33-46. Book chapters, industry publications, and proceedings publications Agribusiness, Food and Consumer Economics Research Center (lead author Victoria Salin), “Growth Prospects for the Global Temperature-Controlled Warehouse Industry,” section in public filing S-11 for Americold Realty Trust, filed Dec. 14, 2009 with the US Securities and Exchange Commission, available at http://sec.gov/Archives/edgar/data/ 1455863/000104746909010720/a2195614zs-11.htm#bg44801_table _of_contents. Salin, V., N. H. Hooker, and R. Teratanavat. “Survival Analysis of U.S. Meat and Poultry Recalls, 1994-2002.” Proceedings of the Hawaii International Conference on Statistics and Related Fields, June 5-8, 2003, CD-ROM, ISSN#1539-7211.Available at http://www.hicstatistics.org/2003StatsProceedings/. Salin, V. 2000. “A Real Option Approach to Valuing Food Safety Risks.” Proceedings of the 1998 Conference on Economics of HACCP, NE-165, June 15-16, chapter 14 in The Economics of HACCP: Costs and Benefits, L.J. Unnevehr, (ed.), St. Paul: Eagan Press.

344 Douglass Shaw Professor [email protected]

Current Appointment

Professor. Ag. Econ. 350, 673, 677. Environmental and Resource Economics, Risk and Uncertainty, Transportation Economics, Non-market Valuation

Education

1985 Ph.D. University of Colorado, Economics 1982 M.A., University of Colorado, Economics 1977 B.A., University of Colorado, Geography

Past Appointments

1986 - 1987 Visiting Assistant Professor, Economics Dept., Williams College 1987 - 1991 Assistant Professor, Economics Dept., Vassar College 1991 - 1995 Senior Economist, RCG/Hagler Bailly, Inc. 1995 - 2004 Associate Professor, Applied Economics, University of Nevada, Reno

Awards / Professional Activities

1991 Best paper prize, Swiss Environmental Group 1998 President, W-133 Regional Research Group, U.S.D.A. 2004-2009 Reviewer, National Science Foundation, Environmental Protection Agency 2009-2010 Blue Ribbon Panel on Coastal Restoration, NOAA

Selected Other Professional Contributions

Past Associate Editor, Water Resources Research and Journal of Leisure Research Past Editorial Board member, Journal of Agricultural and Resource Economics Reviewer of safe drinking water models, U.S. Environmental Protection Agency Reviewer of paper selection for annual meetings of the American Agricultural Economics Association Past member and Chair of Enduring Quality Award, Association of Environmental and Resource Economics

Selected Publications (Over 85 articles and book chapters in total, several more currently under review. Selected peer-reviewed journals include Economics Letters, Economic Inquiry, Journal of Environmental Economics and Management, Journal of Risk and Uncertainty, Land Economics, Risk Analysis)

345 Shaw, W.D., M. Riddel, and P. Jakus. “Arsenic-related mortality risks for smokers and non- smokers.” Accepted and forthcoming (in press), Contemporary Economic Policy, 2012, 30, accepted in May of 2011.

Dunn, R.A., W.D. Shaw and M. Trousdale. “The Effect of Weather on Physical Activity among Older Adults: Controlling for Location Selection with Longitudinal Data.” In press, Journal of Aging and Physical Activity, forthcoming 2012 (abstract posted at journal website, September 2011).

Patil, S., M. Burris, W.D. Shaw, and S. Conas. 2011. “Variation in the Value of Travel Time Savings and its Impact on the Benefits of Managed Lanes.” Transportation Planning and Technology, Vol. 34 (6/August): 547-67.

Patel, S., M. Burris, and W.D. Shaw. 2011. “Travel Using Managed Lanes: An Application of a Stated Choice Model for Houston, Texas.” Transport Policy, 18 (4/August): 595-603.

Shaw, W. D., and R.T. Woodward. 2010/2011. Water Management, Risk and Uncertainty: What Water Resource Managers Wish They Knew in the 21st Century. Western Economic Forum, 9 (Fall): 9-21.

Therese G., R.P. Berrens, and W.D. Shaw. 2011. “Species Preservation versus Development: An Experimental Investigation under Uncertainty.” Ecological Economics, 70 (5/March): 995-1005

Baker, J., M. Riddel, W.D. Shaw, and R.T. Woodward. 2009. “Explaining Changes in Subjective Hurricane Risks as Time Passes: An Analysis of a Sample of Katrina Evacuees.” Journal of Risk Research, Vol. 12 (1/January): 59-74.

Jindapon, P., and W.D. Shaw. 2008. “Option Price Without Expected Utility” Economics Letters, Vol. 100 (September): 408-410.

Woodward. R., and W.D. Shaw. 2008. “Allocating Resources in an Uncertain World: Water Management and Endangered Species.” American Journal of Agricultural Economics, Vol. 90 (3/August): 593-605.

Shaw, W.D., R.M. Nayga, and A. Silva. 2006. “Health Benefits and Uncertainty: an Experimental Analysis of the Effects of Risk Presentation on Auction Bids for a Healthful Product.” Economics Bulletin, Vol. 4 (17/May): 1-8.

M. Riddel, and W.D. Shaw. 2006. “A Theoretically-Consistent Empirical Non-Expected Utility Model of Ambiguity: Nuclear Waste Mortality Risk and Yucca Mountain.” Journal of Risk and Uncertainty, Vol. 32 (2/March): 131-150.

346 John W. Siebert Professor [email protected]

Current Appointment

Professor teaching AGEC 340 – Agribusiness Management; AGEC 481 – Ethics in Agribusiness and Agricultural Economics; and AGEC 460 – Cross Cutting Challenges.

Dr. Siebert’s area of research specialization is the management of farm supply, food processing, dairy, and cooperative businesses. He is also interested in research regarding college student education and agribusiness employer needs.

Education

1978 Ph.D. Agricultural Economics, University of California – Berkeley 1975 M.S. Agricultural Economics, University of California – Berkeley 1974 B.S. Economics, California State College – Sonoma

Past Appointments

2002-2011 Professor, Department of Agricultural Economics, Texas A&M University 1995-2002 Assoc. Professor, Department of Agricultural Economics, Texas A&M University 1985-1995 Vice President, California Cooperative Creamery, Petaluma, CA 1981-1985 Extension Economist, Dept. of Agric. Economics, University of California-Davis 1978-1981 Asst. Professor and Extension Specialist, Dept. of Agric. Economics, Purdue University

Awards / Professional Activities

2011 T-Camp Legacy, “Camp Siebert” 2010 A&M Former Students Association Teaching Award, University Level 2005 Best Teaching of a Class, Southern Agricultural Economics Assn 2002 “John Siebert Annual Student Scholarship,” Gift of TAMU Donor 2001 Honor Professor Award, College of Agriculture Student Council 1999 A&M Former Students Association Teaching Award, College Level 1999 Fish Camp Legacy, “Camp Siebert” 1997 Center for Teaching Excellence Scholar

Selected Other Professional Contributions

Dr. Siebert is a faculty advisor to the Agricultural Economics Society, a departmental student club. He is also the faculty advisor to the Academic Quiz Bowl Team for 2011 and 2012. He was the Case Studies Managing Editor of the International Food and Agribusiness Management Review, 2009-2010.

347 Selected Publications

Siebert, J., and J. Park. 2010. “Maintaining a Healthy Equity Structure: A Policy Change at Producers Cooperative Association.” International Food and Agribusiness Management Review 13 (Issue, #3,): 87-96.

Park, J., and J. Siebert. 2010. “Rebuilding Cooperative Leadership: The Case of Pedernales Electric Cooperative.” Journal of Cooperatives, 24, pp. 63-79.

Siebert, J., and C. Lyford. 2009. “U.S. Dairy Industry Supply Control: Managing the Cooperatives Working Together Program.” Review of Agricultural Economics 4 (Winter): 999-1013.

Ng, D., and J. Siebert. 2009. “Toward Better Defining the Field of Agribusiness Management.” International Food and Agribusiness Management Review 12 (Issue #4): 123-142.

Siebert, John, Amy Hagerman, and John Park. 2008. “Virtual Investment Concepts and the Ethanol Industry.” International Food and Agribusiness Management Review 11 (Issue, #4): 67-79.

Siebert, J., K. Litzenberg, R. Gallagher, C. Wilson, F.Dooley, and A. Wysocki. 2006. “Factors Associated with Students’ Academic Motivation in Agricultural Economics Classes.” American Journal of Agricultural Economics 88 (August): 750-762.

Nayga, Rudy, John Siebert, Debra Tropp, and Sung-Yong Kim. 2003. “The Foodservice Supplier’s Sales Environment: The Case of Small Meat Processors.” The Journal Foodservice Business Research, 6, pp. 67-88.

Siebert, J., R. Nayga, D. Tropp, and S-Y. Kim. 2003. “Meat Supplier Opportunities in Food Service.” Choices, 4 (August). www.choicesmagazine.org.

Hooker, N., R. Nayga, and J. Siebert. 2002. “The Impact of HACCP on Costs and Product Exit: Evidence from Meat Processors in Texas.” Journal of Agricultural and Applied Economics, 34 (April): 165-174.

Siebert, J., G. Davis, K. Litzenberg, and J. Broder. 2002. “Time Allocation Decisions Associated with Job Market Preparation: Undergraduate Perceptions versus Market Realities.” American Journal of Agricultural Economics, 84 (February): 222-233.

Siebert, J., A. Lalor, and S-Y. Kim. 2001. “The Commercial Potential of New Dairy Products from Membrane Technology.” Journal of Food Distribution Research 32 (November): 24-33.

348 Jackie G. Smith Professor and Extension Economist [email protected]

Current Appointment

100% Extension

Education

1978 Ph.D., Oklahoma State University, Agricultural Economics 1973 M.S., University of Florida, Agricultural Economics 1971 B.S., Texas Tech University, Agricultural Economics

Past Appointments

1991- Professor and Extension Economist, Agricultural Economics, Texas A&M 1984 - 1991 Extension Economist-Management, Agricultural Economics, Texas A&M 1978 - 1984 Assistant Professor, Agriculture Department, Tarleton State University,

Awards / Professional Activities

2001 Superior Service Individual Award, Texas Agricultural Extension Service 2001 State Mid-Career Award, Epsilon Sigma Phi 2000 Specialist of the Year, Texas County Agricultural Agents Association 2000 USDA Group Honor Award for Excellence 1999 Vice Chancellor’s Award in Excellence 1998 Distinguished Extension Program Group, AAEA 1997 Superior Service Team Award, Texas Agricultural Extension Service 1997 Distinguished Extension Progam Award, SAEA 1988 Superior Service Team Award, Texas Agricultural Extension Service 1984 Tarleton Project 2000 Advisory Committee, Texas A&M System 1983-1984 Faculty Senate, Tarleton State University

Selected Other Professional Contributions

Taught Commodity Futures class at Lubbock Christian University. 2009, 2010 Taught Ag Policy class at Lubbock Christian Universtiy. 2008, 2011 Taught Commodity Futures class at Wayland Baptist University, Plainview. 2002, 2004, 2007 Member of Plains Cotton Growers Cotton Improvement Committee, 2000-Present Served 2 terms on Departmental FEC Committee Served 2 terms on Departmental FAC Committee Texas Extension Specialists Association President 2004-2005 Texas Extension Select Committee on County Staffing 1998-1999 Master Marketer Coordinating Committee, 1994-present Elected to Vice Chancellor of Ag FAC, 1996-1999

349 Texas Extension CRP Task Force, 1994-2001 Great Plains Ag Council CRP Task Force, 1990-1994 Have taught over 100 Ag Applications of Spreadsheets short courses to farmers and ranchers Have taught over 100 Futures and Options short courses to farmers and ranchers Have made over 1200 presentations to farmers and ranchers in the South Plains area of Texas Taught 10 different courses in Agricultural Economics at Tarleton State University

Selected Publications

Stokes, K., and J. Smith. “Financial Record Keeping with Check Book Using Quicken”. Poster at AAEA annual meetings. August, 1992.

Smith, J., and C. Anderson. “TAMPRICE: A Cotton Pricing Strategies Evaluator.” Beltwide Cotton conferences. New Orleans. January, 1993.

Bevers, S., J. Smith and J. Pena. “BudPro: A Compiled Spreadsheet.” Poster presentation at SAEA meeting. February, 1995.

Clark, A., P. Johnson, J. McGrann, and J. Smith. 1997. “Standardized Performance Analysis of Cotton Production.” Beltwide Cotton Conference. New Orleans.

Adkission, P., R. Lacewell and J. Smith. 1997 “Assessment of the Economic Impact of the Boll Weevil in the Texas High Plains.” Special Report 97-1. A&M System.

Smith, J., S. Amosson and M. Waller. 1997. “Master Marketer Program.” Paper presented at the Beltwide Cotton conferences. New Orleans.

Anderson, C., J. Smith, D. McCorkle and D. O’Brien. 1998. “Hedging With a Put Option.” Risk Management Series 2-12.

Johnson, J., J. Smith and M. Waller. 1998. “Determining Option Premiums.” Risk Management Series 2-30.

Smith, J. 1999. “Quicken on the Farm: An Introduction to Farm Financial Record Keeping with Quicken.” Invited paper and workshop session. Beltwide Cotton conferences.

Waller, M., S. Amosson, S. Bevers and J.Smith. 2007. “Teaching Outside the Classroom.” AAEA Organized Symposium.

Yates, J., and J. Smith. 2009. “Equitable Share Lease Agreements for Farms with Sub-surface Drip Irrigation on Cotton in the High Plains.” Beltwide Cotton conferences.

McCorkle, D., M. Waller, S. Amosson, S. Bevers, and J. Smith. 2009. “The Economic Impact of Intensive Price Risk Management Education.” Journal of Extension.

350 William J. Thompson Assistant Professor [email protected]

Current Appointment

March 2007 - Present, Assistant Professor and Extension Economist-Management, Texas AgriLife Extension Service, San Angelo, Texas. Appointment - 100 percent Extension.

Mr. Thompson’s primary responsibilities are to provide leadership in the development and delivery of extension educational programs in farm, ranch and natural resource management in 23 counties of west central Texas. This entails providing economic analysis, training and teaching materials to agricultural producers, landowners, commodity groups, county extension agents, extension specialists and other clientele. Often times these efforts are multi-disciplinary, thus involving specialists, faculty and industry professionals from other areas of specialization. Delivery of agricultural economics extension programming includes: a) one-on-one review, b) analysis and evaluation of individual farm/ranch operations, c) educational meetings, d) fee- based workshops and programs, f) extension publications, g) web-based delivery systems and h) direct mail. Other areas of focus include applied research and result-demonstration programs. Specific commodity expertise covers wheat, grain sorghum, cotton, cow-calf and stocker cattle.

Education

1990 Master of Science, Texas A&M University, Agricultural Economics 1987 Bachelor of Science, Arizona State University, Agribusiness Management/Finance

Past Appointments

2001 - 2007 Assistant Professor and Extension Economist – Management, Texas AgriLife Extension, Fort Stockton, TX Appointment – 100 percent Extension 1990 – 2001 Extension Economist, Kansas Farm Management Association, N.C., Kansas State Research and Extension, Appointment – 100 percent Extension.

1990 - 2001 (Concurrent Appointment), Tax preparer, N.C. Kansas Agricultural Tax Service, Inc.

351 Awards / Professional Activities

2005 Texas Cooperative Extension Superior Service Award, Extension Team Award.

…for envisioning and effectively developing and implementing the Tomorrow’s Top Agricultural Producer Program to ensure that new producers attain the business skills and networks necessary to prosper.

Selected Publications

Thompson, W.J., and J. Lakey. 2010. The Impact of Agribusiness on the Concho Valley, The Concho Valley Agribusiness Council, San Angelo, TX.

Thompson, W.J., W. Polk and W. Hayenga. 2009. Limited Liability Companies and Corporate Business Structures, E-495, Texas AgriLife Extension Service, The Texas A&M University System, College Station, TX.

Thompson, W.J., S. Bevers, and J.G. Pena. 2008. Hedging Cattle with an LRP Policy, E-473, Texas AgriLife Extension Service, The Texas A&M University System, College Station, TX.

Thompson, W.J., and W.A. Hayenga. 2008. Business Entity Planning, E-171, Texas AgriLife Extension Service, The Texas A&M University System, College Station, TX.

Thompson, W.J., W. Polk and W. Hayenga. 2008. Basic Business Structures: Sole Proprietors, Joint Operating Agreements and Partnerships, E-489, Texas Agrilife Extension Service, The Texas A&M University System, College Station, TX.

Pena, J.G., W.J. Thompson, S. Bevers, and D.P. Anderson. 2008. Livestock Risk Protection- Lamb: New Insurance Program to Help Ranchers Manage Lamb Price Risk, E-470, Texas Agrilife Extension Service, The Texas A&M University System, College Station, TX.

352 Dmitry Vedenov Associate Professor [email protected]

Current Appointment

Associate Professor, Department of Agricultural Economics, Texas A&M University since 2007. Classes taught include AGEC 402 (Study Abroad), AGEC 414, AGEC 431, AGEC 630, and AGEC 671. Research interests include risk management and insurance, stochastic modeling, dynamic programming

Education

2011 Ph.D. The Ohio State University, Agricultural, Environmental, and Developmental Economics 1998 M.A. The Ohio State University, Economics 1993 M.S., Moscow Institute of Physics and Technology, Applied Economics and Computers

Past Appointments

2007 - 2009 Assistant Professor, Department of Agricultural Economics, Texas A&M 2001 - 2007 Assistant Professor, Department of Ag. and Appl. Economics, U. of Georgia

Awards / Professional Activities

2009-2010 Chair, AAEA Selected Presentation Committee 2007-2009 Program and Local Arrangements Chair, SCC-76 Information Exchange Group 2007 JARE Outstanding Journal Article Award for 2006 2007 Outstanding Faculty Award, Department of Agricultural and Appl. Economics, University of Georgia

Selected Other Professional Contributions

Advisor to Department’s Team at FDRS Food Marketing Challenge Competition, 2011 (first place). Faculty leader of France Agribusiness study abroad program, 2009-2012 Chair of Department’s Undergraduate Advisory Committee, 2009-2012

Selected Publications

Power, G.J., and D.V. Vedenov. 2010. “Dealing with Downside Risk in a Multi-Commodity Setting: A Case for a ‘Texas Hedge’?” Journal of Futures Markets, 30(3): 290–304.

353 Power, G.J., D.V. Vedenov, and S.W. Hong. 2009. “The Impact of the Average Crop Revenue Election (ACRE) Program on the Effectiveness of Crop Insurance,” Agricultural Finance Review, 69(3): 330–345.

Nadolnyak, D.A., D.V. Vedenov, and J.L. Novak. 2008. “Information Value of Climate-Based Yield Forecasts in Selecting Optimal Crop Insurance Coverage.” American Journal of Agricultural Economics, 90(5): 1248–1255.

Vedenov, D.V., and , G.J. Power. 2008. “Risk-Reducing Effectiveness of Revenue versus Yield Insurance in the Presence of Government Payments.” Journal of Agricultural and Applied Economics, 40(2): 443–459.

Vedenov, D.V., and M.E. Wetzstein. 2008. “Toward an Optimal U.S. Ethanol Fuel Subsidy" Energy Economics, 30(5): 2073–2090.

Deng, X., B.J. Barnett, and D.V. Vedenov. 2007. “Is There a Viable Market for Area-Based Crop Insurance?” American Journal of Agricultural Economics, 89(2): 508–519.

Vedenov, D.V., J.E. Epperson, and B.J. Barnett. 2006. “Designing Catastrophe Bonds to Securitize Systemic Risks in Agriculture: The Case of Georgia Cotton,” Journal of Agricultural and Resource Economics, 31(2): 318–338.

Vedenov, D.V., M.J. Miranda, R. Dismukes, and J.W. Glauber. 2006. “Portfolio Allocation and Alternative Structures of the Standard Reinsurance Agreement,” Journal of Agricultural and Resource Economics, 31(1): 57–73.

Vedenov, D.V., J.A. Duffield, and M.E. Wetzstein. 2006. “Entry of Alternative Fuels in a Volatile U.S. Gasoline Market,” Journal of Agricultural and Resource Economics, 31(1): 1–13.

Vedenov, D.V., M.J. Miranda, R. Dismukes, and J.W. Glauber. 2004. “Economic Analysis of Standard Reinsurance Agreement,” Agricultural Finance Review, 64(2): 119–134.

Vedenov, D.V., and B.J. Barnett. 2004. “Efficiency of Weather Derivatives as Primary Crop Insurance Instruments,” Journal of Agricultural and Resource Economics, 29(3): 387– 403.

Vedenov, D.V., and M.J. Miranda. 2001. “Numerical Solution of Dynamic Oligopoly Games with Capital Investment,” Economic Theory, 18(1): 237–261.

354 Mark L. Waller Professor and Associate Dept. Head - Extension [email protected]

Current Appointment

Professor, Associate Department Head, and Extension Program Leader for Agricultural Economics, Department of Agricultural Economics, Texas AgriLife Extension Service, Texas A&M University since 2005. Primary duty is to provide administrative leadership for the Agricultural Economics Extension Program Unit. Extension/applied research interests include agricultural marketing and price risk management.

Education

1988 Ph.D. University of Illinois, Agricultural Economics 1980 M.S. Southern Illinois University, Agricultural Economics 1979 B.S. Southern Illinois University, Double major, Agricultural Education and Plant and Soil Sciences

Past Appointments

1999 - 2005 Professor and Extension Economist-Grain Marketing and Policy, Department of Agricultural Economics, Texas A&M University 1993 - 1999 Associate Professor and Extension Economist-Grain Marketing and Policy, Department of Agricultural Economics, Texas A&M University 1988 - 1993 Assistant Professor and Extension Economist-Grain Marketing and Policy, Department of Agricultural Economics, Texas A&M University 1984 - 1988 Research Assistant - Department of Agricultural Economics, Univ. Of Illinois 1981 - 1983 Commodity Account Executive - Stotler and Co. Branch Office, Quincy, Illinois

Awards / Professional Activities

2008 Texas Agricultural Extension Service Superior Service Team Award. 2003 Texas A&M University Kingsville, and Universdad Autonoma Chapingo, The Center for Distance-Learning & Continuing Education, Certificate of Appreciation. 2000 United States Department of Agriculture, Group Honor Award for Excellence. 2000 Cooperative State Research, Education and Extension Service, Team Recognition Award. 1999 Texas A&M University, Vice Chancellor's Award in Excellence-Extension Team. 1998 American Agricultural Economics Association Award for Distinguished Extension Program (Group Award). 1998 Texas Agricultural Extension Service Superior Service Team Award. 1996 Rice Technical Working Group, Economics and Marketing Panel, Outstanding Rice Economics Research/Education/Service Contribution (Team Award). 1994 Texas A&M University, Vice Chancellor's Award in Excellence-Team Award for Support of Industry/Agency/Association Partnership Efforts. 1991 Epsilon Sigma Phi National Honorary Extension Fraternity, State Early-Career Award.

355 Selected Other Professional Contributions

Co-developer/co-leader of Master Marketer program, Advanced Topic Series Workshops, TRAMM Workshop and co-leader of Texas Risk Management Education Program.

Selected Publications

Qin, Xiaoyan, Rodolfo M. Nayga, Ximing Wu, Mark L. Waller, Dean A. McCorkle, Stephen H. Amosson, Jackie G. Smith, Stan J. Bevers. 2011. “Master Marketer Program: Analysis of 9 Years of Evaluation Results.” Faculty Paper Series 2011-5, Department of Agricultural Economics, Texas A&M University, College Station, Texas. McCorkle, Dean A., Carol Rice, Dan Hanselka, Steven L. Klose, and Mark L. Waller. 2010. “Economic Impact Brief: Economic Impact of Do Well, Be Well with Diabetes.” MKT- 3558A, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas. Stockton, Matt, and Mark L. Waller. “The Land Grant Vision of Extension's Future.” Organized Track Session, Agricultural and Applied Economics Association annual meetings, Denver, Colorado, July 25-27, 2010. Waller, Mark L. “Extension Economics: What Is It's Future at Land Grant Universities.” Discussant Presentation at organized symposium. American Agricultural Economics Association annual meetings, Milwaukee Wisconsin, July 26, 2009. McCorkle, D. A., M. L. Waller, S. H. Amosson, S. J. Bevers, and J. G. Smith. “The Economic Impact of Intensive Commodity Price Risk Management Education.” Journal of Extension, Vol. 47, No. 2(2009), Article No. 2RIB7. Waller, Mark L., Wayne A. Hayenga, Luiz Cesar Vieira de Souza, and Rodrigo Sinaidi Zandonadi. 2005. “Exploring Brazilian and Argentine Agriculture.” Faculty Paper Series 2005-01, Department of Agricultural Economics, Texas A&M University, College Station, Texas. Rister, M.E., M.L. Waller, M.E. Hord, B.A. McCarl, D.A. Bessler, S. Carmichael, A.W. Sturdivant, and E.L. Taylor. 1997. “Seeking Superior Performing Marketing Strategies for [Texas] U.S. Rough Rice.” Risk Management Strategies in Agriculture - State of the Art and Future Perspectives. Edited by R.B.M. Huirne, J.B. Hardaker, and A.A. Dijkhuizen. The Netherlands: Mansholt Institute, Wageningen Agricultural University. EUNITA AIR3-CT94-1654. Taylor, Earl L., David A. Bessler, Mark L. Waller, and M. Edward Rister. 1996. “Dynamic Relationships Between U.S. and Thai Rice Prices.” Published in The Journal of the International Association of Agricultural Economics, 14, pp. 123-133. Thompson, Sarahelen, and Mark L. Waller. 1987. “The Execution Cost of Trading in Commodity Futures Markets.” Stanford Food and Research Institute Studies, Vol. 20, No. 2, pp. 141-163.

356 J. Mark Welch Assistant Professor and Extension Economist-Grain Marketing [email protected]

Current Appointment

Assistant Professor and Extension Economist-Grain Marketing, Department of Agricultural Economics, Texas AgriLife Extension Service, Texas A&M University since 2007. I plan, develop, implement, and communicate quality, relevant, research-based knowledge to grain producers, users, merchants, and resource providers in the Texas grain industry related to grain marketing and risk management. Appointment, 100% extension.

Education

2006 Ph.D. Texas Tech University, Agricultural Economics 1999 M.S. West Texas A&M University, Agriculture: Business and Economics 1979 B.A. Graceland College, Lamoni, Iowa, Economics

Past Appointments

2007 - Assistant Professor and Extension Economist-Grain Marketing (100% Extension), Department of Agricultural Economics, Texas A&M University 2006 - 2007 Post-Doctoral Research Associate, Department of Agricultural and Applied Economics, Texas Tech University 2005 - 2006 Research Associate, Department of Agricultural and Applied Economics, Texas Tech University 2003 - 2005 Research Assistant, Department of Agricultural and Applied Economics, Texas Tech University

Awards / Professional Activities

2009- Teach a class on Futures Markets at the Universidad del Valle, Guatemala City, Guatemala, a joint Masters program in Applied Economics and Business Administration with Texas A&M University. 2009 Superior Service Team Award, Texas AgriLife Extension Service, for Extension publication “The Effects of Ethanol on Texas Food and Feed” with D. P. Anderson, J.L. Outlaw, H.L. Bryant, J.W. Richardson, D.P. Ernstes, J.M. Ralston, J.M. Welch, G.Knapek, B.K. Herbst, and M. Allison. Agriculture and Food Policy Center, Texas A&M University, Research Report 08-1, April10, 2008 Available online at http://www.afpc.tamu.edu/pubs/2/515/RR-08-01.pdf 2009 – 2011 Premier Forecaster Awards, Extension Section, Agricultural and Applied Economics Association. Awards for Crop Price forecasting and General Economics 2008, 2009 Norman Borlaug Institute for International Agriculture. Coordinated programs with Dr. Michael McWhorter, International Training Coordinator for visiting delegations from India and Colombia

357 Selected Other Professional Contributions

2004 - Member, Gamma Sigma Delta, Agricultural and Applied Economics Association, Western Agricultural Economics Association, and Southern Agricultural Economics Association 2007- Publication of two weekly newsletters, one for wheat and one for feed grains, as part of my market analysis responsibilities. Current primary email list for the newsletters is 281 2010 Seminar on “Developing a Marketing Plan” at the Chicago Mercantile Exchange and led a trade simulation exercise at the DTN/The Progressive Farmer 2010 Ag Summit in Chicago comprised of agricultural producers from 24 states 2009, 2011 Drought studies with Dr. David Anderson, Dr. Travis Miller, and Dr. John Robinson have been picked up by some 147 news organizations including the Associated Press, Forbes-Online, CBS News.com, the Boston Globe, the Chicago Tribune, the Los Angeles Times, and the Xinhua News Agency (the state news agency of the People's Republic of China, the largest news and information source in China). 2009 Reviewer, Journal of Cotton Science, Journal of Agricultural Science and Technology, Journal of Agribusiness

Selected Publications

Waller, Mark L., Stephen H. Amosson, Mark Welch, and William I. Tierney, Jr. “How to Construct a Seasonal Index”, Texas AgriLife Extension Service, Texas A&M University, College Station, Texas, forthcoming.

Wisner, Robert, Dean McCorkle, and Mark Welch. “Considerations When Using Grain Contracts”, Texas AgriLife Extension Service Risk Management Curriculum Guide, E- 231, RM2-38.0, 12-09. Available online at http://agecoext.tamu.edu/fileadmin/user_ upload/Documents/Resources/Risk_Management/rm2-38.pdf.

Welch, J. Mark, Vardan Mkrtchyan, and Gabriel J. Power. 2009. “Predicting the Corn Basis in the Texas Triangle Area”, Journal of Agribusiness 27 (Spring/Fall):49-63.

West, Lindsay and Mark Welch. 2009. “Selling Grain in Texas: What Every Farmer Should Know,” Grain Marketing White Paper 01-09. Available online at http://www.texascorn.org/images/E0117201/SellingGrainTexas_FINAL_web.pdf.

Welch, M., S. Pan, S. Mohanty, and M. Fadiga. 2008. “Ethanol’s Effect on the U.S. Cotton Industry”. Journal of Cotton Science, Vol. 12:99-108.

Pan, S., S. Mohanty, and M. Welch. 2008. “Indian Edible Oil Consumption: A Censored Incomplete Demand Approach.” Journal of Agricultural and Applied Economics, Vol. 40, No.3, (December): 821-835.

358 Gary W. Williams, Ph.D. Professor [email protected]

Current Appointment

Dr. Williams is Professor of Agricultural Economics and Co-Director of the Agribusiness, Food, and Consumer Economics Research Center (AFCERC) in the Department of Agricultural Economics at Texas A&M University. He is also a faculty member in the George Bush School of Government and Public Service and Senior Scientist, Norman Borlaug Institute for International Agriculture. Classes taught include AGEC 429, AGEC 652, and INTA 630.

Education

1981 Ph.D. (Agricultural Economics) Purdue University 1977 M.S. (Agricultural Economics) Purdue University 1974 B.S. (Economics) Brigham Young University

Past Appointments

2009 Co-Director, Agribusiness, Food, and Consumer Economics Research Center (AFCERC), Dept .of Ag. Econ., TAMU 2008 Faculty Member, The George Bush School of Govt. and Public Service, TAMU 1988 Professor, Dept. of Ag. Econ. and Director, Texas Agribusiness Market Research Center (TAMRC), TAMU 1986 Associate Professor, Department of Economics, Iowa State University 1983 Assistant Professor, Department of Economics, Iowa State University

Awards / Professional Activities

2006-2008 Appointed Chair, Committee on the Economic Development of Current Status of the Sheep Industry in the United States, National Academy of Sciences 1999 "Article of the Year" Award with Capps, Love, and Adams, “Examining Packer Choice of Slaughter Cattle Procurement and Pricing Methods,” ARER 1998 Vice Chancellor’s Award in Excellence for Team Research, TAMRC, TAMU 1991-1994 Appointed to Tex. Ag. Commissioner's Select Committee on NAFTA 1988 Distinguished Service Award, Meat Export Research Center, Iowa State U.

Selected Other Professional Contributions Dr. Williams is the AFCERC chief operations officer responsible for managing the research program of the Center and leads AFCERC research and outreach projects relating to commodity and agribusiness markets and policy and international trade and policy. His areas of teaching and research emphases include commodity promotion programs, international agricultural trade and development, agricultural policy, and marketing and price analysis. Dr. Williams speaks fluent Spanish and has lived and worked in Latin America throughout his career, focusing particularly on NAFTA and other agricultural trade, policy, and development issues. He is well

359 known for his research on the economic effectiveness of commodity checkoff programs and on the U.S. and world oilseed and livestock industries with emphasis on sheep and lamb markets.

Selected Publications Williams, G.W. and O. Capps, Jr. 2011. “Is the Cotton Checkoff Program Worth the Cost?” J. of Cotton Science 15:106-126. Williams, G.W., O. Capps, Jr., and T. Dang. 2010. “Does Lamb Promotion Work?” Agribusiness: An Int. J. 26 (4):536–556. Love, H.A., O. Capps, Jr., and G.W. Williams. 2010. “Concentration in Beef Packing and Slaughter Cattle Pricing,” Food Distribution Research J. 41(3): 25-41. Williams, G.W. and J. Málaga. 2010. “Mexican Agricultural and Food Export Competitiveness,” Mexican J. of Agribusiness 27:295-309. Moore, E.D., G.W. Williams, M. A. Palma, and L. Lombardini. 2009. “Effectiveness of State- Level Pecan Promotion Programs: The Case of the Texas Pecan Checkoff Program,” HortScience 44(7):1-7. Williams, G.W., O. Capps, Jr., and M. A. Palma. 2008. “Effectiveness of Marketing Promotion Programs: The Case of Texas Citrus,” HortScience 43(2):385-392. Williams, G.W. and O. Capps, Jr., 2006. “Measuring the Effectiveness of Checkoff Programs,” Choices 21:73-78. Williams, G.W., O. Capps, Jr., and D.A. Bessler. 2004. “Florida Orange Grower Returns from Orange Juice Advertising,” TAMRC Report No. CP-01-04, TAMU, Texas. Williams, G.W., C.R. Shumway, and H.A. Love. 2002. “Returns to Soybean Producers from Investments in Promotion and Research,” ARER 31(1):97-111. Málaga, J.E., G.W. Williams, and S.W. Fuller. 2001. “U.S.-Mexico Fresh Vegetable Trade: The Effects of Trade Liberalization and Economic Growth,” Ag. Econ. 26(1):45-55, Oct. Williams, G.W. 1999. “Commodity Checkoff Programs as Alternative Producer Investment Opportunities: The Case of Soybeans,” Agribusiness: An Int. J. 15(4): 539-552. Capps, O., Jr., H.A. Love, G.W. Williams, and W.L. Adams. 1999. “Examining Packer Choice of Slaughter Cattle Procurement and Pricing Methods,” ARER 28(1):11-25. Capps, O., Jr, P.J. Byrne, and G.W. Williams. 1995. “Analysis of Marketing Margins in the U.S. Lamb Industry,” ARER 24(2): 232-240. Williams, G.W. and C. Rosson, III. 1992. “Agriculture and the North American Free Trade Agreement,” Choices 7(4):14-15. Wahl, T.I., D.J. Hayes, and G.W. Williams. 1991. “Dynamic Adjustment in the Japanese Livestock Industry under Beef Import Liberalization,” AJAE 73(1):118-132. Hayes, D.J., T.I. Wahl, and G.W. Williams. 1990. “Testing Restrictions on a Model of Japanese Meat Demand,” AJAE 72(3):556-566. Wahl, T.I., G.W. Williams, and D.J. Hayes. 1989. “The 1988 Japanese Beef Market Access Agreement: A Forecast Simulation Analysis,” Agribusiness: An Int. J. 5(4):347-360. Williams, G.W. 1985. “Returns to U.S. Soybean Export Market Development,” Agribusiness: An Int. J. 1(3):243-263.

360 Richard T. Woodward Professor [email protected]

Current Appointment

Professor, Department of Agricultural Economics, Texas A&M University since 1997. Classes taught include AGEC 350, AGEC 637 and AGEC 677. Research interests include environmental economics with interest in environmental policy and uncertainty.

Education

1997 Ph.D. University of Wisconsin – Madison 1994 M.A. University of Wisconsin – Madison 1984 B.S. Middlebury College, Middlebury, Vermont

Past Appointments

1985-1987 Peace Corps Volunteer, Costa Rica 1988-1991 Research Associate for the World Resources Institute Washington DC and San José, Costa Rica 1994 Consultant for the World Resources Institute

Awards / Professional Activities

2005- 2011 Associate Editor, Marine Resources Economics. 2007-2008 Fulbright Fellow and Research Associate, Tropical Agricultural Research and Higher Education Center (CATIE), Turrialba, Costa Rica 2009 – present Editorial Board Land Economics 2010 – present Editorial Council, Journal of Environmental Economics and Management 2011 – present Associate Editor, Economics Bulletin

Selected Other Professional Contributions

Member of the Texas A&M Water Faculty and Texas A&M’s Applied Biodiversity Sciences faculty.

Has served as member and chair of the department’s PhD qualifying examination committee since 2001.

Selected Publications

Penson, John B., Jr., Oral Capps, Jr., C. Parr Rosson, III, and Richard T. Woodward. Introduction to Agricultural Economics, fifth edition. 2010. Upper Saddle River, New Jersey: Prentice Hall, 2006. (fourth edition, 2006)

361 Woodward, Richard T., and Richard C Bishop. 1997. “How to Decide When Experts Disagree: Uncertainty-Based Choice Rules in Environmental Policy.” Land Economics, 73(November):492-507. Woodward, Richard T. 2000. “Sustainability as Intergenerational Fairness: Efficiency, Uncertainty and Numerical Methods.” American Journal of Agricultural Economics, 82(August):581-593. Woodward, Richard T., and Yong-Suhk Wui. 2001. “The Economic Value of Wetland Services: A Meta-analysis.” Ecological Economics, 37(May):257-270. Woodward, Richard T., Ronald A. Kaiser and Aaron-Marie Wicks±. 2002. “The Structure and Practice of Water-Quality Trading Markets.” Journal of the American Water Resources Association, 38(August):967-979. Woodward, Richard T., Yong-Suhk Wui± and Wade L. Griffin. 2005. “Living with the Curse of Dimensionality: Closed-Loop Optimization in Large-scale Fisheries Simulation Model.” American Journal of Agricultural Economics, 87(February):48-60. Woodward, Richard. 2005. “Do Americans Desire Homogeneity? Evidence from Names from 1900−2000.” Economics Bulletin, 4(August):1-6. Shaw, W. Douglass, and Richard T. Woodward. (senior authorship shared) 2008. “On Why Environmental and Resource Economists Should Care about Non-expected Utility Models.” Resource and Energy Economics, 30(January):66-89. Woodward, Richard T., and W. Douglass Shaw. 2008. “Allocating Resources in an Uncertain World: Water Management and Endangered Species.” American Journal of Agricultural Economics 90(3):593-605. Blackman, Allen, and Richard T. Woodward. (senior authorship shared) 2010. “User-Financing in a National Payments for Environmental Services Program: Costa Rican Hydropower.” Ecological Economics, 69:1626-1638. Woodward, Richard T. 2011. “Double Dipping in Pollution Markets.” Journal of Environmental Economics and Management, 61(2):153-169. Griffin, Wade L., and Richard T. Woodward. 2011. “Determining the Policy-Efficient Management Strategies in Fisheries using Data Envelopment Analysis (DEA).” Marine Policy, 35:496–507 Newburn, David, and Richard T. Woodward. 2011. “An Ex Post Evaluation of the Great Miami Water Quality Trading Program.” Journal of the American Water Resources Association. doi: 10.1111/j.1752-1688.2011.00601.x.

362 Ximing Wu Associate Professor [email protected]

Current Appointment

Associate professor, Department of Agricultural Economics, Texas A&M University since 2009. Courses taught include AGEC 661, AGEC 636 and AGEC 676. Research interest includes econometrics, applied microeconomics, development economics and climate change.

Research Associate, Info-Metrics Institute since 2009.

Education

2003 Ph.D., Agricultural Economics, University of California at Berkeley 1998 B.S., Economics, Peking University

Past Appointments

2005 - 2009 Assistant Professor, Agricultural Economics, Texas A&M University 2003 - 2005 Assistant Professor, Economics, University of Guelph

Awards / Professional Activities

2009 - AAEA annual meeting program leader in multiple areas 2010 Program Committee, SAEA Annual Meeting 2006 - 2009 Editorial council, Journal of Agricultural and Resource Economics 2007 Guest editor, Choices special issue on immigration and US agriculture

Selected Other Professional Contributions

Have advised 56 graduate students (44 Ph.D.’s and 12 M.S.’s) since joining TAMU in 2005.

Regularly review manuscripts for professional journals in agricultural economics, economics, finance and statistics.

Selected Publications

“Calculation of Maximum Entropy Densities with Application to Income Distribution,” Journal of Econometrics, 115, 347-354, 2003. “China’s Income Distributions, 1985-2001,” (with J. Perloff), Review of Economics and Statistics, 87, 763-775, 2005; featured in the Asia Times, July 21, 2004. “Partially Adaptive Estimation via Maximum Entropy Densities,” (with T. Stengos), Econometrics Journal, 8, 352-366, 2005.

363 “Government Policy Effects on Urban and Rural Income Inequality,” (with J. Perloff and A. Golan), Review of Income and Wealth, 52, 213-235, 2005. “Overview: Immigration, U.S. Agriculture and Policy Reform,” the Choices, 22, 2007. “GMM Estimation of Maximum Entropy Density with Interval Data,” (with J. Perloff), Journal of Econometrics, 138, 532-546, 2007. “Tax Incidence Varies Across the Price Distribution,” (with J. Perloff), Economics Letters, 96, 93-99, 2007. “On the Use of Cheap Talk in New Product Valuation,” (with R. Brummett and R. Nayga), Economics Bulletin, 2, 1-9, 2007. “The Effect of Food Away from Home and Food at Home Expenditures on Obesity Rates: A State Level Analysis”, (with Y. Cai, P. Alviola and R.M. Nayga), Journal of Agricultural and Applied Economics, 40(2), 507-521, 2008. “Climate Change and Future Risk: Is Stationarity Dying?” (with B., McCarl and X. Villavicencio), American Journal of Agricultural Economics, 90 (5), 1241-1247, 2008. “Should Students be Used as Subjects in Experimental Auctions?” (with R. Nayga, D. Depositario and T. Laude), Economics Letters, 102(2), 122-124, 2009. “Effects of information on consumers' willingness to pay for golden rice.” (with D. Depositario, R. Nayga, and T. Laude), Asian Economic Journal, 23(4):457-476, 2009. “Comparing Open-ended Choice Experiment and Experimental Auctions: An Application to Golden Rice,” (with J. Corrigan, R. Nayga, D. Depositario, and T. Laude), American Journal of Agricultural Economics, 91(3), 837-853, 2009. “Exponential Series Estimation of Empirical Copulas with Application to Financial Returns,” (with C. Chui), Advances in Econometrics, Vol.25: Nonparametric Methods, 2009. “The Joint Evolution of the Conditional Joint Distribution of Life Expectancy and Per Capita Income Growth,” (with T. Stengos and B. Thompson), Advances in Econometrics, Vol.25: Nonparametric Methods, 2009. A Weighted Generalized Maximum Entropy Estimator with a Data-driven Weight,” Entropy, 11(4), 917-930, 2009. “Information Theoretic Distribution Tests with Applications to Normality,” (with T. Stengos), Econometric Reviews, 29(3), 307-369, 2010. “Exponential Series Estimator of Multivariate Densities,” Journal of Econometrics, 156, 354- 366, 2010. “Maximum Entropy Approximations for Asymptotic Distributions of Smooth Functions of Sample Means,” (with S. Wang), Scandinavian Journal of Statistics, 38, 130-146, 2011. “Obesity and Moral Hazard in Demands for Visits to Physicians,” (with G. Gustavsen and R. Nayga), Contemporary Economic Policy, 29, 620-633, 2011. “Climate Change and Vector-borne Diseases: An Economic Impact Analysis of Malaria in Africa.” (with Egbendewe-Mondzozo A., Musumba M., and McCarl B.A.) International Journal of Environmental Research and Public Health, 8(3), 913-930, 2011.

364 Yu Yvette Zhang Visiting Assistant Professor [email protected]

Current Appointment

Visiting Assistant Professor, Department of Agricultural Economics, Texas A&M University since 2010. Classes taught include AGEC 105, AGEC 317 and AGEC 672. Research interests include Applied Microeconomics, Experimental Economics, Industrial Organization, Applied Econometrics, Auctions, and Ecology

Education

2010 Ph.D. Texas A&M University, Economics 2004 Ph.D. Duke University, Biology 1998 B.S. Peking University, Biology

Awards

2009 S. Charles Maurice Graduate Fellowship in Economics, Texas A&M University 2008 Gail Frey Monson Memorial Scholarship in Economics, Texas A&M University 2007 PERC E. Ralph Daniel Scholarship in Economics, Texas A&M University

Selected Publications

Zhang,Y., D. Li and Q. Li. “Recent developments in Semi-/Non-Parametric estimation of censoring, sample selection, missing data, and measurement error in panel data.” Advances in Econometrics, forthcoming.

Zhang,Y., J. Gu and Q. Li. 2011. “Nonparametric panel estimation of online auction price processes.” Empirical Economics, 40(1): 51-68.

Vamosi, J., Y. Zhang and W. Wilson. 2007. “Animal-dispersal dynamics promoting dioecy over hermaphroditism.” The American Naturalist, 170(3): 485-491.

Bi, Y., Y. Zhang, T. Signorelli, R. Zhao, T. Zhu and S. Rothstein. 2005. “Genetic analysis of Arabidopsis GATA transcription factor gene family reveals a nitrate inducible member important for chlorophyll synthesis and glucose sensitivity.” Plant Journal, 44: 680-692.

Uyenoyama, M., Y. Zhang and E. Newbigin. 2001. “On the origin of self-incompatibility haplotypes: Transition through self-incompatible intermediates.” Genetics,157: 1805- 1817.

365 Carol B. Faulkenberry Extension Program Specialist II (Risk Management) [email protected]

Current Appointment

Extension Program Specialist II (Risk Management), Southern Region Risk Management Education Center - 100% Extension.

Education

1989 B.S. Texas Tech University, Agriculture Communications 1987 A.S. Clarendon College, Agriculture-Animal Science

Past Appointments

2001 Conference Contractor, Texas Institute for Applied Environmental Research 1997-2001 Advertising Editor, The Cattleman, Texas and Southwestern Cattle Raisers Assn. 1992-1997 Executive Vice President, Texas Simmental Simbrah Association 1989-1992 Editor, Southern Livestock Standard, Southern Livestock Publishing, Inc.

Awards / Professional Activities

2010 Outstanding Stephenville FFA Supporter 2004 Outstanding District 8 4-H Leader Award, Texas AgriLife Extension Service 1998-2001 Livestock Publications Council awards winner 1995 Who’s Who List of American Executives

Selected Other Professional Contributions

Development of Programs, Services, Products, Processes Faulkenberry serves as the Extension Program Specialist responsible for the implementation of a communications network including publication and distribution of the results of Southern Region RME Center’s programs from participating institutions to stakeholders and public entities. Faulkenberry has been instrumental in the design and implementation of a national online grant application verification program for applicants and administration to utilize in applying and reporting results of awarded projects across the southern region. Faculty and Staff Training/Assistance By using TAMU Centra Media, Faulkenberry plans and implements meetings with grant recipients on how to report and verify their individual grant’s quarterly reporting requirements and how to apply for reimbursement process. Faulkenberry has trained more than 300 grant applicants and recipients since 2001 on the national online grant application verification program. Financial Support of Extension Activities Faulkenberry worked with Southern Region RME Center Director and Assistant to the Director in writing the following grants for continuation funding, which enables the Southern Region RME Center to award further grants throughout the southern United States.

366 USDA/CSREES Agricultural Risk Management Education Competitive Grant – 2009. Unsuccessful. USDA/CSREES Agricultural Risk Management Education Competitive Grant – 2007. Amount awarded $1,200,000. USDA/CSREES Agricultural Risk Management Education Competitive Grant – 2004. Amount awarded $5,000,000. USDA/CSREES Agricultural Risk Management Education Competitive Grant – 2003. Amount awarded $1,030,146. 12 USDA/CSREES Agricultural Risk Management Education Competitive Grant – 2002. Amount awarded $435,000.

Selected Publications Presented Posters Faulkenberry, Carol B., Stokes, Kenneth, Jose, Doug, U.S. Extension Risk Management Education Program, International Farm Management Association Congress 2007, University College Cork, Ireland, July, 2007 Faulkenberry, Carol B., National Risk Management Education, American Farm Bureau Federation’s 84th Annual Convention, Tampa, FL, January 2003. News Releases Faulkenberry, Carol B., Agricultural Risk Management Education Competitive Grants Program Strives to Reach Producers, Stephenville, TX, November 2, 2008. Faulkenberry, Carol B., Agricultural Risk Management Education Competitive Grants Program Strives to Reach Producers, Stephenville, TX, November 4, 2007. Faulkenberry, Carol B., Agricultural Risk Management Education Competitive Grants Program Strives to Reach Producers, Stephenville, TX, November 6, 2006. Faulkenberry, Carol B., Proposals for Southern Region Risk Management Education Center’s Agricultural Risk Management Education Competitive Grants Program Requested, Stephenville, TX, November 3, 2005. Faulkenberry, Carol B., Southern Region Risk Management Education Center Announces New Request for Applications, Stephenville, TX, January 16, 2004. Faulkenberry, Carol B., Southern Region Risk Management Education Center Announces New Request for Applications, Stephenville, TX, January 21, 2003. Faulkenberry, Carol B., Stenholm Visits Stephenville, Stephenville, TX, February 20, 2002. Faulkenberry, Carol B., Fannin, Blair, $1.1 Million Risk Management Education Center Established, Stephenville, TX, December 27, 2001. Coordination and Cooperation Faulkenberry acts as news writer/communications specialist when called upon by the Director of TAMU Extension and Research Center, Stephenville TX. Mrs. Faulkenberry authored the following: Faulkenberry, Carol B., Long Time Researcher Completes Career with Texas Ag Experiment Station, Stephenville, TX, August 29, 2003. Faulkenberry, Carol B., Stephenville Research and Extension Center Directory, April, 2003. Faulkenberry, Carol B., Internationally Noted Peanut Researcher Completes Career With Texas Ag Experiment Station, Stephenville, TX, February 21, 2003. Faulkenberry, Carol B., Agricultural Marketing Service Administrator Visits Stephenville Area, Stephenville, TX, July 22, 2002.

367 Bridget L. Guerrero Extension Program Specialist I [email protected]

Current Appointment

Extension Program Specialist I, Department of Agricultural Economics, Texas AgriLife Extension Service (100%) since 2010. Supports the Agricultural Economics Extension program activities by providing technical expertise, computerized data analysis, and project management assistance for multiple grant-funded projects.

Education

2010 Ph.D. Texas Tech University, Agricultural and Applied Economics 2003 M.B.A. West Texas A&M University 2002 B.S. West Texas A&M University, Agribusiness

Past Appointments

2010 - Program Specialist, Agricultural Economics, Texas AgriLife Extension 2010 Teaching Assistant, Agricultural and Applied Economics, Texas Tech University 2005 - 2010 Extension Associate, Agricultural Economics, Texas AgriLife Extension 2003 Sales Representative, Indian Ink Leasing, Amarillo, TX 2002 - 2003 Extension Assistant, Agricultural Economics, Texas AgriLife Extension

Awards / Professional Activities

2008 - Member of AAEA, SAEA, and WAEA 2009 - 2010 Texas Tech University Agricultural Economics Graduate Student Association, President 2008 - 2010 Texas Tech University Gamma Sigma Delta Honor Society of Agriculture

Selected Other Professional Contributions

Special guest on various topics for a weekly 1.5 hour radio program aired on Fox Talk AM 950 and FM 100.7 Radio and Fox News Now Channel 34.2 in the Lubbock area (twice).

Selected Publications

Amosson, S., L. Almas, J Girase, N. Kinney, B. Guerrero, K Vimlesh and T. Marek. “Economics of Irrigation Systems.” October, 2011. B-6113, Texas AgriLife Extension Service, College Station, Texas.

368

Guerrero, B., S. Amosson, L. Almas, J. Johnson, P. Johnson, J. Surles, and B. Golden. “The Economic Impact of Ethanol on the Southern High Plains of Texas.” SAEA Selected Poster Abstract. Journal of Agricultural & Applied Economics, 43.3(August 2011):474.

Guerrero, B., S. Amosson, J. Johnson, and J. Weinheimer. “Economic Evaluation of Water Conservation Strategies for the North Plains Groundwater Conservation District. Selected Paper at the Universities Council on Water Resources Annual Conference, Boulder, Colorado, July 11-14, 2011.

Amosson, S., J. Girase, B. Guerrero, S. Park. “Economic Analysis of Sweet Sorghum and Biomass Sorghum for Biofuels Production in the Texas High Plains.” Western Agricultural Economics Association Annual Meeting, Banff, Alberta, Canada. June 29 – July 1, 2011.

Guerrero, B., J. Weinheimer, S. Amosson, J. Smith, J. Johnson, P. Johnson, L. Almas, and J. Roberts. “Economic Impacts of Virtual Water Imported through Feedgrains.” Western Agricultural Economics Association Annual Meeting, Banff, Alberta, Canada. June 29 – July 1, 2011.

Guerrero, B., S. Amosson, L. Almas, R. Taylor, B. Golden, J. Johnson, E. Wheeler-Cook, and T. Marek. “Economic Impacts of Selected Water Conservation Policies in the Ogallala Aquifer.” WAEA Selected Paper Abstract. Journal of Agricultural and Resource Economics, 34.3(December 2009):541.

Guerrero, B., S. Amosson, T. Marek, and L. Almas. 2006. “Natural Gas Price Impact on Irrigated Agriculture Water Demands.” Texas Journal of Agricultural and Natural Resources, 19(2006):102-112.

369 Diana “DeDe” Lea Jones Extension Program Specialist III – Risk Management [email protected]

Current Appointment

Provide leadership and coordination regarding extension risk management programs in both the Texas Panhandle and statewide by offering technical expertise and computerized data analysis to develop and interpret strategic risk management alternatives. This action requires meeting, on-site, with farmers, ranchers and agribusiness clientele to obtain confidential financial information necessary for the FARM Assistance decision support system. Work as a full partner on the State Risk Management Education team by providing Texas producers individualized strategic planning. Monthly results are placed into a statewide database of risk management case studies. These studies develop educational materials, and benefit agricultural parties not directly involved in one-on-one financial analyses. Coordinate with various agricultural agencies to offer financial assistance for high-risk producers, provide expertise on wildlife and environmental economics, teach QuickBooks financial software, and address various legislative issues. Develop educational materials related to risk management and agricultural finance for extension agents, specialists, agricultural producers, and agribusiness organizations. Conduct applied research that determines the economic impact of various financial and production decisions. Plan, implement and evaluate educational programs both individually and through multi-disciplinary team efforts. Develop marketing materials related to risk management to share with extension agents and local lenders.

Education

1999 Master of Business Administration in Marketing, Texas Tech University 1998 Bachelor of Science in Agricultural Economics, Texas Tech University

Past Appointments

2000 - 2001 Executive Assistant, Texas Grain Sorghum Producers 1997 - 2000 Research Associate, Texas Tech Agricultural and Applied Economics Department

Awards / Other Professional Activities

2010 Agricultural and Applied Economics Association Distinguished Extension Program Group Award 2010 Southern Agricultural Economics Association Distinguished Extension Team Award 2008 Western Agricultural Economics Association Outstanding Extension Team Award 2008 Epsilon Sigma Phi Early Career Award 2008 Texas AgriLife Extension Superior Service Award for a Program Unit 2005 Texas AgriLife Extension Superior Service Award for a Program Specialist

370 Selected Other Professional Contributions

Group meetings are an integral part of supporting/training agricultural producers as well as county extension agents through educational programs in management, marketing and finance. They are also instrumental in promoting FARM Assistance and disseminating research produced from the statewide risk database. My contribution to Extension Agricultural Economics can best be portrayed by listing the variety and number of workshops and presentations given in the Texas Panhandle as well as throughout the state.

Events Attendance

Farm Bill Educational Workshops 43 1,392

FARM Assistance Financial Workshops 52 2,787

Profitability Workshops 18 361

Market Outlooks 29 1,483

QuickBooks Financial Accounting Workshops 22 302

Educational Outreach Covering Various Topics 10 1,172

County Agent Trainings 27 354

Total 201 7,851

Selected Publications

The majority of publications completed (283 reports) were Farm Assistance strategic analysis for farmers and ranchers of the Texas Panhandle. These operations encompassed over 1 million acres with a combined ending real net worth of $575 million. A list of several other key publications is provided below.

Nicole Gueck, Steven Klose, DeDe Jones, and Jay Yates. 2010. “Examining Share Lease Agreements for Grain Operations in the Texas Panhandle Under Changing Market Conditions.” Journal of the ASFMRA (American Society of Farm Managers).

Jones, DeDe, Steve Amosson, Kenneth Cearley, and Patrick Warminski. After the Conservation Reserve Program: Economic Decisions with Wildlife in Mind. Texas AgriLife Extension Service Publication. November 2008.

Klose, Steven L., and DeDe Jones. Impact of Proposed Tax Provisions on Texas Agricultural Producers. FARM Assistance Focus Series 2005-01, March 2006.

Jones, DeDe, and Dustin Gaskins. Converting From Irrigated Cotton, Sorghum, & Wheat to Dryland. Contributing Paper to 2004 Panhandle Water Planning Project: Water Management Strategies for Reducing Irrigation Demands in Region A. March 2004.

371 Greg Kaase Extension Program Specialist III [email protected]:

Current Appointment

Extension Program Specialist III, Risk Management, Department of Agricultural Economics, Texas A&M University since 1999. Current Project Coordinator for Twinwood focusing on result demonstrations, research projects and agricultural educational programs.

Education

2006 Ph.D. Texas A&M University, Agricultural Education 1995 M.S. Texas A&M University, Agricultural Education 1991 B.S. Texas A&M University, Animal Science

Past Appointments

1999 - Extension Program Specialist, Risk Management, Texas AgriLife Extension Service 1997 – 1999 Haskell County Extension Agent (Ag.), Texas AgriLife Extension Service 1994 – 1997 Brazos County Extension Agent (4-H), Texas AgriLife Extension Service 1992 – 1994 Milam County Extension Agent (Asst. – Ag.) Texas AgriLife Extension Service

Awards / Professional Activities

2010 Award for Professional Excellence, Distinguished Extension/Outreach Program Group, The Agricultural and Applied Economics Association. 2010 Outstanding Extension Program Award Team, Southern Agricultural Economics Association. 2008 Southern Agricultural Economics Association, Professional Contribution for Poster Presentation, 3rd Place. 2007 Texas AgriLife Extension Service, Superior Service Unit Award FARM Assistance Team - Member

Selected Other Professional Contributions

Primary responsibilities have been conducting FARM Assistance Analyses on clientele, monitoring FARM Assistance database, and updating Texas AgriLife Extension Crop and Livestock Enterprise budgets. Currently project coordinator for Twinwood Project which includes coordinating result demonstration work, research projects and educational programs.

372 Selected Publications

Young, M., J. Paschal, S. Klose, G. Kaase. “Economic Impact of Beef Cattle Best Management Practices in South Texas: Cow Pregnancy Testing, BSE Testing, and Shortened Calving Season”. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M Univeristy, FARM Assistance Focus Series, No. 09-7, August 2009.

Pate, Jeff, Jay Yates, Mac Young, Steven L. Klose and Greg Kaase. Pivot vs. SDI Irrigation Illustration for Side Oats Grama in the Southern High Plains. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System, FARM Assistance Focus Series, No. 09-2, January 2009.

Kaase, Greg H., Steven L. Klose, Roland J. Fumasi, and Melissa K. Jupe. “Producer Level Financial Impacts for Energy Crop Production” Presented Poster, 2008 Southern Agricultural Economics Association Annual Meeting, Dallas, TX.

Young, A. Mac, J.C. Paschal, C.W. Hanselka, Steven L. Klose, and Greg H. Kaase. “Long-Term Financial Impacts of Cattle and Wildlife Management Strategies in South Texas.” Texas Journal of Agriculture and Natural Resources 21 (2008) 22-31

Fumasi, Roland J., Steven L. Klose, Greg H. Kaase, James W. Richardson, and Joe L. Outlaw. “Viability of Cellulosic Feedstock Production from Producer to Biorefinery.” Presented at the Farm Foundation Conference: Transition to a Bio Economy: Integration of Agricultural and Energy Systems, Atlanta, GA. February 12, 2008

Klose, Steven L., Greg H. Kaase, and Jeff Howard. “The Real World: A Youth Focused, Web- Based, Production Agriculture Simulation.” Presented at 2007 National Extension Risk Management Education Conference in Phoenix, AZ. April 17, 2007

Kaase, Greg H., Steven L. Klose, and Mac Young. “Long Term Financial Impacts of Drought Management Strategies” Presented at 2007 Southern Agricultural Economics Association Annual Meeting in Mobile, AL. February 4-6, 2007

Klose, Steven L., Dean A. McCorkle, Greg H. Kaase, Joe L. Outlaw, David P. Anderson, George M. Knapek. “Farm and Ranch Business Success Factors.” Presented at 2003 National Extension Risk Management Education Conference in Dallas, TX. March 26, 2003.

Kaase, Greg H., Dean A. McCorkle, Steven L. Klose, Joe L. Outlaw, David P. Anderson, George M. Knapek. “Business Success: What Factors Really Matter?” Presented Paper, 2003 Southern Agriculture Economics Association annual meeting in Mobile, Alabama, February 3, 2003. Journal of Agricultural and Applied Economics 35-2(2003):437

Kaase, G., J.L. Outlaw, D.P. Anderson, and A. Schultz. “Changes in Texas County CRP Enrollment Patterns, 1992-2001.” Southern Agricultural Economics Association meeting in Orlando, Florida, February 4, 2002.

373 Dean A. McCorkle Extension Program Specialist – Economic Accountability [email protected]

Current Appointment

Extension Program Specialist – Economic Accountability, Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System since 2004. Provides leadership and coordination for the agency-wide effort of measuring economic impacts of AgriLife Extension programs.

Education

2005 Ph.D. Texas A&M University, Agricultural Education 1991 M.A. Texas A&M University, Agricultural Economics 1988 B.S. Texas A&M University, Agricultural Economics

Past Appointments

1997 – 2004 Extension Program Specialist – Risk Management, Texas AgriLife Extension Service, Dept. of Agricultural Economics, TAMU 1995 – 1997 Assistant Research Scientist, Dept. of Agricultural Economics, TAMU 1991 – 1995 Extension Agricultural Economist, Kansas State Research and Extension, Dept. of Agricultural Economics, KSU

Awards / Professional Activities

2008 Western Agricultural Economics Association Outstanding Extension Project 2007 Texas AgriLife Extension Service, Superior Service Award (Team) 2006 Texas AgriLife Extension Service, Superior Service Award 2000 United States Department of Agriculture Secretary’s Honor Award for Excellence (Team Award for Master Marketer Program)

Selected Other Professional Contributions

Served on four MS student graduate committees (2008-2011). Served on AgriLife Extension’s Career Ladder Promotion Committee (2005-2009, Chair 2010), Ag. Economics Career Ladder Promotion Committee (2004-present, Chair 2004-2009), and AgriLife Extension’s Honor Awards Committee (2010-2012).

Selected Publications

McCorkle, Dean A., Dan Hanselka, and David P. Anderson. Economic Impact of Agriculture in the 12th Congressional District of Texas. Prepared for the Honorable Kay Granger, 12th Congressional District. Texas AgriLife Extension Service, Department of Agricultural Economics, The Texas A&M University System, College Station, Texas, June 2011.

374 McLaughlin, W. A., M.E. Rister, R. D. Lacewell, L. L. Falconer, J. M. Blumenthal, W. L. Rooney, A. W. Sturdivant, D. A. McCorkle, and A. E. Conrad. “What Are The Costs of Cellulosic Biomass Feedstocks?” Proceedings of the Intellectbase International Consortium Academic Conference. San Antonio, TX. March 25-26, 2011. McCorkle, Dean A., Gaylon Morgan, Dan Hanselka, Steven L. Klose, and John R. C. Robinson. Economic Impact Brief: Evaluating Alternative Cotton Stalk Destruction Methods, MKT- 3558K, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, March 2011. McCorkle, Dean A., Mike Haby, and Dan D. Hanselka. Economic Impact Brief: New Technology Leads to Dramatic Fuel Savings for Shrimp Trawlers, MKT-3558U, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, February 2011. McCorkle, Dean A., Rebekka Dudensing, David P. Anderson, Dan Hanselka, Dan Ferguson, Doug Freer, and Gary Preuss. The Food and Fiber System and Production Agriculture’s Contribution to the Texas Economy, MKT-3579, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, February 2011. McCorkle, D. A., D. D. Hanselka, J. R. C. Robinson, and S. L. Klose. “Assessing the Economic Benefits of Boll Weevil Eradication in Texas.” Selected poster. 2011 Southern Agri. Economics Association Annual Meeting. Corpus Christi, TX. February 6- 8, 2011. McLaughlin, W. A., A. E. Conrad, M.E. Rister, R. D. Lacewell, L. L. Falconer, J. M. Blumenthal, W. L. Rooney, A. W. Sturdivant, and D. A. McCorkle. “The Economic and Financial Implications of Supplying a Bioenergy Conversion Facility with Cellulosic Biomass Feedstocks.” Presented paper. 2011 Southern Agri. Economics Association Annual Meeting. Corpus Christi, TX. February 8, 2011. McCorkle, D.A., J. R. C. Robinson, D. Hanselka, S. L. Klose, T. W. Fuchs, and C. T. Allen. 2010. “The Economic Impact of Boll Weevil Eradication in Texas.” Texas Journal of Agriculture and Natural Resources, 23:50-63. Warren, J., D. A. McCorkle, and K. Avila-Edwards. “Using Economics to Make the Case for Preventing Childhood Obesity.” Presented paper. Uniting Against Childhood Obesity Conference. Houston, TX. April 28, 2010. Seawright, E. K., M. E. Rister, R. D. Lacewell, D. A. McCorkle, A. W. Sturdivant, C. Yang, and J. A.Goolsby. 2009. “Economic Implications for the Biological Control of Arundo donax: Rio Grande Basin.” Southwestern Entomologist, 34, 4:377-394. McCorkle, D. A., M. L. Waller, S. H. Amosson, S. J. Bevers, and J. G. Smith. 2009. “The Economic Impact of Intensive Commodity Price Risk Management Education.” Journal of Extension, 47,2, No. 2RIB7. McCorkle, Dean A., Dan Hanselka, and A. Gene Nelson. A Decade of Change in Texas Agriculture: Highlights and Trends from the Census of Agriculture, E-590, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas, November, 2009.

375 James A. Yates Extension Program Specialist III [email protected]

Current Appointment

Extension Program Specialist III – Risk Management, Department of Agricultural Economics, Texas AgriLife Extension Service (100%) since 2002. Provide leadership and coordination for extension educational programs in risk management in the Texas South Plains and statewide by providing technical expertise and computerized data analysis for the development and interpretation of strategic risk management alternatives for individual producers. This requires meeting, on-site, with farmers, ranchers and agribusiness clientele to obtain confidential financial information necessary for the FARM Assistance risk management decision support system.

Education

1985 M.S. Texas A&M University, Agricultural Economics 1983 B.S. Tarleton State University, Agricultural Economics

Past Appointments

2002 - Program Specialist – Risk Management, Ag Econ, Texas AgriLife Extension 1989 - 2002 Self Employed New Mexico Farmer 1986 - 1988 Assistant Extension Specialist, CFFM - Ag Econ, University of Minnesota 1984 - 1986 Programmer, Department of Agricultural Economics, Texas A&M University

Awards / Professional Activities

2011-2012 Texas Extension Specialist Association, President 2010 AAEA, Distinguished Extension/Outreach Program Group Award 2010 SAEA, Outstanding Extension Program Team Award 2008-2009 Texas AgriLife Extension, Leadership Extension Program 2008 Texas AgriLife Extension, Individual, Superior Service Award 2007 Texas AgriLife Extension, FARM Assistance Unit, Superior Service Award

Selected Other Professional Contributions

Supplemental Revenue Assistance (SURE) Payment Estimator, spreadsheet to estimate SURE Payments for Texas producers updated annually since 2008. South Plains Cotton Update, weekly 1.5 hour radio program aired on Fox Talk AM 950 and FM 100.7 Radio and Fox News Now Channel 34.2 in the Lubbock area since 2005. Cotton Profitability Workshops, developed spreadsheet decision aids distributed via website and as a part of 3-hour workshops conducted annually since 2005. QuickBooks for Farmers & Ranchers, two-day short course developed with DeDe Jones and conducted annually since 2002.

376

Selected Publications

FARM Assistance Strategic Analysis, a comprehensive analysis of the agricultural firm’s liquidity, solvency, profitability, repayment capacity and financial efficiency. Since 2002 I have completed 312 analyses for farmers and ranchers in 25 Texas counties ranging from Parmer in the northwest to Sutton in the southwest and Archer and Stonewall to the east.

Yates, James A., Jackie Smith, Jeff Pate, Justin Weinheimer, Rebekka Dudensing and J.W. Johnson. “Regional Economic Impact of Irrigated Versus Dryland Agriculture in the Texas High Plains,” 2010 Proceedings, Beltwide Cotton Conferences.

Yates, James A., and Jackie Smith. “Determining Equitable Share Lease Agreements for Farms With Sub-surface Drip Irrigation on Cotton in the Texas High Plains,” 2009 Proceedings, Beltwide Cotton Conferences.

Yates, James A., Jackie Smith and Shawn Wade. “A Evaluation of the Supplemental Revenue Assistance (SURE) Program and Impact on Cotton Farms of the Texas High Plains,” 2009 Proceedings, Beltwide Cotton Conferences.

Pate, Jeff, James A. Yates, Mac Young, Steven Klose and Greg Kaase. “Pivot Versus SDI Irrigation Illustration for Side Oats Gramma in the Southern High Plains.” FARM Assistance Focus Series 2009-02. Texas AgriLife Extension Service, January 2009.

Pate, Jeff, James A. Yates, Mac Young, Steven Klose and Greg Kaase. “Furrow, Pivot and SDI Irrigation Illustration for Cotton in the Southern High Plains.” FARM Assistance Focus Series 2009-01. Texas AgriLife Extension Service, January 2009.

Gueck, Nicole, Diana Jones, James A. Yates and Steven Klose. “Examining Share Lease Arrangements for Grain Operations in the Texas Panhandle Under Changing Market Conditions.” FARM Assistance Focus Series 2008-07. Texas AgriLife Extension Service, November 2008.

Yates, James A., Nicole Gueck, Randy Boman, Mark Kelley, Mark Brown and Steven Klose. “Comparison of Costs and Returns for Alternative Harvest Methods in the Texas High Plains.” FARM Assistance Focus Series 2008-02. Texas AgriLife Extension Service, June 2008.

Yates, James A., Randy Boman, Mark Kelly and Alan Brashears. “Comparison of Costs and Returns for Alternative Cotton Harvest Methods in the Texas High Plains,” 2007 Proceedings, Beltwide Cotton Conferences.

Yates, James A., Randy Boman, Jim Bordovsky and Jeff Johnson. “Long Range Financial Impact of Changing Cotton Rotation Under Declining Irrigation Capacity,” 2006 Proceedings, Beltwide Cotton Conferences.

377

Alan Mac Young Extension Program Specialist II [email protected]

Current Appointment

Extension Program Specialist, Texas AgriLife Extension, Department of Agricultural Economics, Texas A&M University since 2005. Area of specialization: Farm Assistance Program in South Texas (Districts 10, 11 and 12).

Education

1975 M.S. Texas Tech University, Agricultural Economics 1973 B.S. Texas Tech University, Agricultural Economics

Past Appointments

2010 - Extension Program Specialist II, Dept. of Ag. Economics, Texas A&M 2005 - 2009 Extension Program Specialist I, Dept. of Ag. Economics, Texas A&M 2004 - 2005 Loan Officer, Small Business Administration, Fort Worth, Texas 2002 - 2003 Management & Account Positions, Rent-A-Center, Fort Worth, Texas 2001 – 2001 Membership Director, U.S. Chamber of Commerce, Fort Worth, Texas 1999 – 2000 Marketing Director, All American Builders, Inc., Hurst, Texas 1997 – 1998 Executive Director, American Ostrich Association, Fort Worth, Texas 1978 – 1996 Management & Research Positions, Farm Credit Bank of Texas, Austin, Texas 1975 – 1978 Agricultural Economist, Federal Reserve Bank of Texas, Dallas, Texas

Awards / Professional Activities

2011 TCEQ Environmental Excellence Award for Agriculture Water Conservation, Agriculture Demonstration Initiative Project with Harlingen Irrigation District 2010 AAEA Distinguished Extension/Outreach Program Group Award 2010 SAEA Distinguished Professional Contribution Award-Presented Poster Award, Second Place 2010 SAEA Distinguished Extension Program Team Award 2008 WAEA Outstanding Extension Program Award 2007 Texas AgriLife Extension Superior Service Unit Award—Financial and Risk Management Assistance Team

Selected Other Professional Contributions

Publications and reports completed: 27 Agricultural Demonstration Initiative (ADI) grant reports; 278 Farm Assistance client reports; 46 presented papers, posters and published works.

Education outreach and coordination: 49 education programs with 2,959 contacts; 33 ADI

378 education and coordination meetings with 664 attendees; 9 Extension agent training presentations to 561 attendees; 10 Southern Region Farm Assistance notes distributed to agents, specialist, and administrators.

Selected Publications

Young, Mac, Megan Dominguez, Joe Paschal, and Steven Klose. “Economic Impact of Beef Cattle Best Management Practices in South Texas: Stocking Strategies During Drought.” Farm Assistance Focus Series 2011-6. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System. October 2011.

Nelson, Shad, Mac Young, Juan Enciso, Steven Klose, and Mamoudou Setamou. 2011. “Impact of Irrigation Method on Water Savings and ‘Rio Red’ Grapefruit Pack-Out in South Texas.” Subtropical Plant Science Journal, 63:14-22.

Young, Mac, Luis Ribera, Valorie Reynolds, and Steven Klose. “GMO vs. Conventional Cotton Under Furrow Irrigation in the Lower Rio Grande Valley.” Farm Assistance Focus Series 2011-5. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System. August 2011.

Young, Mac, Dan Fromme, Mark McFarland, and Steven Klose. “Deep Soil Testing Offers the Potential to Reduce Fertilizer Costs.” Farm Assistance Focus Series 2011-3. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System. May 2011.

Young, Mac, Shad Nelson, Steven Klose, and Juan Enciso. “Assessing Irrigation Methods Based on Grapefruit Pack-Out in the Lower Rio Grande Valley.” Farm Assistance Focus Series 2010-4. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System. August 2010.

Young, Mac, Joe Paschal, Steven Klose, and Greg Kaase. “Economic Impact of Beef Cattle Best Management Practices in South Texas: Cow Pregnancy Testing, BSE Testing, and Shortened Calving Season.” Farm Assistance Focus Series 2009-7. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University System. August 2009.

Young, Mac, Roy Parker, and, Steven Klose. “Economics of Grain Storage Bags in the Coastal Bend and Upper Gulf Coast of Texas.” FARM Assistance Focus Series 2009-5. Texas AgriLife Extension Service, Department of Agricultural Economics, Texas A&M University. June 2009

Young, Mac, Joe Paschal, Wayne Hanselka, Steven Klose, and Greg Kaase. 2008. “Long-Term Financial Impacts of Cattle and Wildlife Management Strategies in South Texas.” Texas Journal of Agricultural and Natural Resources, 21:22-31.

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